Providing Income info to BoA for loan mod req

[kura52]

When income information is provided to BoA along with all necessary docs for consideration of a loan mod, are they expecting monthly gross based on 26 weeks of pay in the year (i am paid every 2 weeks) or are they strictly wanting 1 month of pay based on two payroll checks in 1 month. I am assuming it is the latter, but i ask because there is a difference of $250 dollars, which to me is a big difference...and i would imagine to them also....

[rkel11]

You can send them 2 or 3 or 4 pay checks, just make sure they understand it is for every other week! I have seen them take 2 pay stubs and turn them into weekly pay amounts. Circle the dates and write on them "This is for 2 weeks".

Good Luck....

[kura52]

Originally Posted by rkel11

You can send them 2 or 3 or 4 pay checks, just make sure they understand it is for every other week! I have seen them take 2 pay stubs and turn them into weekly pay amounts. Circle the dates and write on them "This is for 2 weeks".

Good Luck....

Awesome suggestion! thank you so much for the reply! I will do that right now....