I applied for a mortgage with MUFG Bank, which required information about my annual income and my 2022 income tax withholding certificate (給与所得の源泉徴収票), a request I fulfilled. However, in 2023, my company’s financial performance declined, leading to an approximate 19% reduction in my total compensation. Despite this decrease, my initial calculations indicate that I still meet the financial requirements for the mortgage amount I’m seeking.
I have a few questions:
1. Should I proactively inform the bank about the decrease in my income, or should I wait until they ask for my 2023 income tax withholding certificate (給与所得の源泉徴収票)?
2. Did I err by stating my annual income based on my 2022 earnings?
3. Given the notable reduction in my income, is there a chance the bank might deny my mortgage application even though I’m still qualified for it?
by buangakun3