Buying a house is a big step. It puts you on the property ladder, grants you rights you didn’t have as a tenant, and gives you a place to call home. In 2019, the median house price in the U.S. was $279,600.
To purchase a house at that price, you needed a salary of at least $61,123 to pay your monthly bill of $1,426.21. However, you need more than a salary. You need proof of income.
What does proof of income mean, and how do you show it? Here’s what you need to know.