11-09-2012 08:40 PM
from 1040 form this is whats reported
2010 28364$ gross income self employed
2011 26985$ W2 + schedule C 16139$ , total gross income 43912$
2012 23498$ (that's currently on my last paystub) + profit or loss 16302$
Somebody from wells fargo call my place today to verified W2 employment but how about selfemployment? will they include that too?
11-11-2012 07:07 PM
They will look at all of your income and ask you to sign a form T4506 to verify what your reported on your taxes with the IRS. It is nerve racking but Wells Fargo wants you to get approved. That is how they make their money. They just need to be more careful after the mortgage meltdown.
11-11-2012 07:25 PM
well I sign application on sunday 11/04 and they call my employer W2 allready on friday 11/09, but how about my selfemployment ? will they include income from selfemplyment too?
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO