Category Archives: Refinance
Alternative Income Sources for Loan Qualification
Types of Income Mortgage Lenders Will Consider Loan Qualification Your income or more precisely your debt to income ratio will influence your loan qualification. Therefore it is important to include all your qualified income in your loan application. Not just income generated by your salary/wage. Overlooking other forms of income may make the difference between getting the
Qualify for a Mortgage by Using Retirement Income
Can You Use Your IRA to Qualify for a Mortgage? Qualify for a mortgage: Mortgage lenders qualify borrowers for a mortgage based on their credit scores, debt-to-income ratio, and assets. As a result, retired borrowers are facing difficulties when trying to get a loan due to their decrease in income. Qualifying for a Mortgage using your retirement