Which stage focuses on the applicant's financial capabilities?

The Income Stage is focused on assessing the applicant's financial capabilities, particularly their income sources, amounts, and overall financial stability. This stage examines how much money an applicant earns, which is critical in determining their eligibility for loans or financing options. Understanding the applicant's income allows lenders or financial organizations to evaluate if the individual has sufficient resources to handle mortgage payments, which is essential for making informed lending decisions.

At this point, the emphasis is on collecting and analyzing income documents such as pay stubs, tax returns, and other income proofs to obtain a clear picture of the applicant’s financial situation. This thorough assessment helps ensure that applicants are not overextending themselves financially and can comfortably afford their future obligations.

In contrast, other stages might look at different aspects of financial health, such as historical payment behavior or overall budget management but do not specifically target the applicant's income as the primary focus.