how to calculate income for a mortgage?

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How a mortgage loan officer to calculate income housing revenue that the next kohaldata.abikaasa works 2 full time jobs. one of the colleges and the jobs it will only work from January to April, then August to December they consider the income of college or they ├╝tlevadsee seasonal and read it as income. husband also works part-time basis as needed, but it has constantly worked on.

  1. Reply
    Steve D
    February 13, 2011 at 3:32 am

    They will probably ask for your past two years of income tax returns, which shows total amount earned for the year. As long as the college verifies he works there and can expect continued employment on the same basis as before, that should suffice as income and employment verification.

  2. Reply
    Beverly S
    February 13, 2011 at 4:01 am

    They will count the college income if hes been doing it for at least 2 years. The part time job probably not since it’s been less than 2 years & is on an as needed basis- need 2 years on all jobs & as needed is nothing guaranteed so we can’t use it at all.

  3. Reply
    February 13, 2011 at 4:03 am

    the income will be averaged over the 12 moths and since the part time income has not been at least 2 years then it will not count at all. Seasonal employment / 12 months

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