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Categories: Brett's Mortgage Blog

3 Important Things You Should Know About Bonus And Overtime Income…

Good Morning!

Are planning on using your bonus income or overtime income to help you get a mortgage?

…If so, then there are three important things you need to be aware of:
1) We can’t use bonus income or overtime income unless you can prove you have been receiving this income for 2 years.
2) The employer has to indicate that the bonus or overtime income will likely continue.
3) We will use a two year average of bonus and/or overtime income. So, if you got alot this year, but not last year then we will have to use an average of both years.
That’s it for today!

If you would like to see if you qualify for a mortgage right now – click here and fill out this simple and quick application.

Have a good day today!  …and thanks for reading.

Brett

Brett Sampson

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Published by
Brett Sampson
13 years ago

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