How Lenders Document Variable Income
Lenders separate variable earnings from base pay, verify how long the borrower has received them, and compare prior-year totals with current year-to-date income before choosing a monthly amount.
Understand credit, income, assets, debt-to-income ratios, and what lenders evaluate during the approval process.
Lenders separate variable earnings from base pay, verify how long the borrower has received them, and compare prior-year totals with current year-to-date income before choosing a monthly amount.