You know what really sucks rocks? Knowing you make acertain amount of money and then trying to find away to prove it.
We recently were tentatively approved for a loan for a used mini van (They let us take it home and everthing) Then began the arduous task of proving my income.
Sounds simple right?
It is IF you have paystubs and 3 months of bank statements showing an accurate picture of your finances.
Well, that's not us. I get payed, supposedly, on a form 1090. But I have never seen one. Good thing I pay taxes on that money anyway. However, the income we are stating is relatively new and is not reflective in the tax paperwork. Ever since we did away with credit cards we operate on a cash only basis only depositing what we need to pay mortgage and buy gasand other automatic payments. As a result a good chunk of our income is not reflected on our bank statements.
To help this out a little, I manufactured paystubs for my 1090 income then emailed copies to my 1090 employer so that he would have copies if asked. These statements also reflect the cash that is usually paid to me directly.
So now we wait and see if our tentative approval becomes a permanent approval.
We love playing the waiting game... :]
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