sangfnsgfsd
Categories: Brett's Mortgage Blog

3 Keys To Your Bonus And Overtime Income…

Good Morning!

We want to be able to use your bonus income to help you get a mortgage.

However, here are three big guidelines to be aware of for us to be able to count your bonus income:

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.

Be aware of this as you apply for a mortgage.

That’s it for today!

I hope you have a great day! Thanks for reading!

Brett

 

Get Pre Approved For A Loan Here
My Previous Blog

Brett Sampson

Recent Posts

Another Way To Get Cash Out Of Your Home…

Do you need cash out of your home, but you don’t want to refinance the…

1 hour ago

Two Most Common Questions We Get On Reverse Mortgages…

I wanted to address the two most common questions that I get regarding reverse mortgages……

1 day ago

Get Cash Out Of Your Home Without Paying Off Your Low Interest First Mortgage…

Do you need cash out of your home, but you don’t want to refinance the…

7 days ago

Ways To Get Cash Out Of Your House Without Paying Off Your First Mortgage…

Would you like to get cash out of your home, but you don't want to…

1 week ago

Alternative Income Docs Allowed For A Second Mortgage Cash Out…

If you need cash out of your house, but don't want to touch your first…

2 weeks ago

Two Most Common Questions We Get On Reverse Mortgages…

I wanted to address the two most common questions that I get regarding reverse mortgages……

2 weeks ago