Easy Financial Calculators » Mortgage Terms » Income


Income is defined as wages, salary, interest, dividends, rent you receive, or other forms of earnings. During the mortgage process, your lender will ask for proof of income to aid the underwriting process and to ensure you have the ability to repay the loan.

As you proceed through the lending process, providing or uploading paystubs along with W2 forms help to satisfy the income documentation requirements.

Documented income is necessary as lenders calculate your “debt-to-income” ratio when considering to approve you for a loan.

Learn more helpful Mortgage Terms to assist your home buying process.

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