Home Buying in Zebulon : Advice

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John Burke, Real Estate Pro in Austin, TX
John Burke answered:
My mortgage lender states, the underwriter wants a letter of explanation for business expenses on my 2013 tax return.
Hi Mrswilliams,

You're not being punished. The underwriter is calculating the amount of income they can use for your approval based on the Adjusted Gross Income on your tax returns. ... more
0 votes Share Flag Wed May 6, 2015 Home Buying in 30295
Jeri Patrick, Real Estate Pro in Savannah, GA
Jeri Patrick answered:
My mortgage lender states, the underwriter wants a letter of explanation for business expenses on my 2013 tax return.
I would write the letter if the underwriter is asking for it they need it for the records. Best of luck
0 votes Share Flag Wed May 6, 2015 Home Buying in 30295
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