Hoạt động cấp khoản vayCâu 239 / 400
A self-employed borrower applies for a mortgage. Which documentation most directly establishes qualifying income?
a.Two years of personal and business tax returns with a year-to-date profit-and-loss statement
b.A single recent pay stub
c.The borrower's verbal estimate of monthly earnings
d.A copy of the borrower's business license only
Giải thích
Self-employed income is typically documented with two years of personal and business tax returns plus a current year-to-date profit-and-loss statement to establish stable, ongoing income. A single pay stub, a verbal estimate, or a license alone is insufficient.
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