What is the standard way to report annual salary to a potential lender? - salary lenders
Is it just my basic pay or include things like credit, provided that, overtime, etc. When I put these things, I separately) (in accordance with additional income, or as part of salary?
Friday, January 8, 2010
Salary Lenders What Is The Standard Way To Report Annual Salary To A Potential Lender?
1 comment:
I would like to overtime and bonuses are provided in the additional line, because the lenders do not want to believe that the extra income, something that depends on full-time. If you add as a supplement, it allows them to know that these things happen often, but do not expect that to continue. If they know that you are not a part of their regular income, then it is more likely to get the loan because they their house in order without having to use overtime to pay their monthly bills to be seen.
Post a Comment