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  2. Stated income loan - Wikipedia

    en.wikipedia.org/wiki/Stated_income_loan

    A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. These loans are sometimes called liar loans or liar's loans. [1]

  3. Form W-2 - Wikipedia

    en.wikipedia.org/wiki/Form_W-2

    Form W-2 (officially, the " Wage and Tax Statement ") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. [1] Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship.

  4. Verification of employment - Wikipedia

    en.wikipedia.org/wiki/Verification_of_employment

    Verification of employment. Verification of Income and Employment (VOIE) is a process [1] used by banks and mortgage lenders in the United States to review the employment history of a borrower, [2] to determine the borrower's job stability and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003).

  5. Social Security: Can I Use My Social Security Statement as ...

    www.aol.com/finance/social-security-social...

    The SSA says it implements strict verification and security features to keep your information safe. You can also call Social Security at 800-772-1213 or contact your local Social Security office.

  6. What is a mortgage proof of funds letter? - AOL

    www.aol.com/finance/mortgage-proof-funds-letter...

    A proof of funds letter is a document providing evidence that you have enough liquid assets, or cash, to buy a home with a mortgage. You’ll need this paperwork to demonstrate to the lender and ...

  7. When Can a Student Loan Be 'Income'? When Applying for a ...

    www.aol.com/news/2011-01-13-students-loans-as...

    One of the signature elements of the Credit Card Act of 2009 was a provision that required college students under the age of 21 to have either independent proof of income or a co-signer when ...

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