Posted on: 04th Apr, 2013 12:22 am
What type of down payment should I offer so that the lender does not verify the income?
Hi DPP,
The lender will verify your income irrespective of whatever down payment you offer. After the real estate crisis, the lenders have stopped giving loans without income verification.
Take care
The lender will verify your income irrespective of whatever down payment you offer. After the real estate crisis, the lenders have stopped giving loans without income verification.
Take care
By the way, it has now become a rule to verify the income of the mortgage borrowers before lenders can give their money to them.