During tax season, if you're planning to buy a home, your tax paperwork matters more than you might think.
Lenders often ask for your last two years of W-2s, and sometimes your full tax returns, especially if you're self-employed, do gig work or have more than one job. Missing or late returns can slow down a mortgage approval.
Your small step
File on time this year, and save a full copy of your return and all your W-2s and 1099s in your "My Home" folder. If you get a refund, think about putting part of it toward your home savings.
Want help with your next step? Summerrain Realty Group walks first-time buyers through every step in plain language. Request a free consultation or call 585-364-4663.
General education only, not legal, tax or lending advice. Program rules vary; ask your lender, attorney or program office about your situation.
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