(Closed) Any home purchasing gurus out there?

posted 8 years ago in Home
Post # 3
Member
2008 posts
Buzzing bee
  • Wedding: September 2009

I’m definitely not an expert and don’t know if this is standard, but I had to bring in my most recent pay stub to closing.  I’m not sure if it would have changed anything if it was significantly different from the first one or not.  Are you comfortable enough with your banking person to talk to them about it?  That would probably be the best way to go if you can.  

Post # 4
Hostess
18644 posts
Honey Beekeeper
  • Wedding: June 2009

I think they don’t have no doc loans anymore (where you are not required to document the amount of your income).  I’m not sure if that is still the case but I heard about a year ago that many lenders had discontinued providing them.  If you can’t afford a home on your current income, I would wait until after you get the raise to finalize your loan.

Post # 5
Member
576 posts
Busy bee
  • Wedding: December 2009

My husband and I both had to provide our 2 most recent pay stubs, so I would be surprised if they didn’t require that. Then again, this is my first time buying a home, so I’m not sure how it works everywhere else. Good luck!

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