Proof of Income: How to Use a Paystub and More to Buy A Home

Buying a house is a big step. It puts you on the property ladder, grants you rights you didn’t have as a tenant, and gives you a place to call home. In 2019, the median house price in the U.S. was $279,600.

Home loan application

To purchase a house at that price, you needed a salary of at least $61,123 to pay your monthly bill of $1,426.21. However, you need more than a salary. You need proof of income.

What does proof of income mean, and how do you show it? Here’s what you need to know.

What Does Proof of Income Mean?

The post Proof of Income: How to Use a Paystub and More to Buy A Home appeared first on SMALL BUSINESS CEO.



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