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No, it's not a T-Rex, aka Tyrannosaurus Rex killing your mortgage loan. It's your 4506-T.
 
This is a great post laying out the importance of disclosing all the income and other tax-related during your mortgage application.  See one of my recent posts about how a borrower with a 720 FICO score got turned down.  It was a very similar situation, except for in my case it was rental property.
Read below,
Brandon Snider
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In the ever changing world of mortgages, you really need to stay on top of what is going on. So many think it's simple when pre-qualifying a borrower. But if you don't ask the right questions upfront and get very detailed, even the cleanest of deals could crash and burn.
So what is a 4506-t and what is its importance in the mortgage process?  Basically it's a form used by lenders that allows them to request a transcript copy of your tax returns from the IRS.  In the past, this form most times was used for those that were self-employed or to keep fraud in check. If a lender suspected something funny regarding your income, they could send this form to the IRS.
 
 

 
Your income is being examined very closely now by most ... more

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