Compare Mortgage Quotes

rmichelleny · Joined: 08 Oct 2009 Posts: 1 1.26 Dollars($)

Do lenders run a qtr 4506T. Lets say my borrower just got a raise the past month. Will they check the last 3 qtrs of 2009?

jveenstra · Posted: Thu Oct 08, 2009 2:28 pm Post subject: 4506-T

The IRS Form 4506-T is used to get transcripts of the last one or two years tax returns filed.

If someone just got a raise in 2009, any time during the year, the tax return for 2009 will not have been filed and will not be until sometime in 2010.

So no.

The present income is verified with recent pay stubs showing the new income after the raise and/or with a Verification of Employment--a mortgage form on which the HR department or some manager completes the present and past two years income.

Posted: Thu Oct 08, 2009 2:58 pm Post subject: 4506t ANSWER

Dear, John

Thank you for your quick reply. I actually knew the answer but i really wanted to double check.

I appreciate your response.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

4506t