Fri 21 Oct, 2011 11:21 am
I bought a house and signed a contract with the owner to assume her loan that is supposed to be a non qualifing assumable loan I get paid cash at my job and have made every payment on time am I going to have a problem with the financing on this house
Most loan companies or banks require proof of income.
I suppose you could use your tax returns to prove income.
@PUNKEY,
Unless 'paid in cash' means no income reported. This was an embarassing problem for claimants of benefits after the Gulf oil spill.
@kem105,
Bank statements and tax papers are solid proof of income i suppose.
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