We were told by our mortgage loan officer that they wanted our accountant to write a letter confirming my wife has been self employed since 2012.
Your mortgage lender is obviously clueless on "proof of income" loan requirements. All they need is proof for the last two tax years. A simple printout of the 2018 and 2019 returns doesn't just give all the prove they need... it's provides *significantly* more than they need.
When you print them make sure of two things for each individual returns.
1) You include the "Electronic Postmark" page proving that the IRS accepted the returns as filed.
2) you physically, with a pen, sign the returns, and the signing date should be the same as the filing/acceptance date shown on the Electronic Postmark page.
Now, how do I know the above?
1) I've lost count on the number for mortgages and refi's I've done over the years. Been there. Done that. Got the T--Shirt.
2) I will be closing on a refi of my primary residence next week, and I've lost count of the absolutely "stupid" things the loan officer asked for, as I proved to them (mostly in their own regulations!) that it wasn't needed.
3) My mother has been in the banking industry for 35 plus years, and I learned what I know about financing and refinancing real estate from her directly. More than once (without my knowledge at the time) she's call the loan officer on my behalf and "educated" them.
