debt: Income Vs. Debt Ratio | Advance NC Mortgage Pre-approvals
- 05/14/15 07:51 AM
Personal finances play a significant role in home loan approvals. All lenders evaluate assets, earnings, credit and existing debts. These affect whether you can obtain a loan and for how much. The following is information on income vs. debt ratio for Advance NC mortgage pre-approvals. Determining IncomeLenders will calculate your gross earnings per month. This counts recurring income that can be confirmed. Salaries are the most typical income form. You will be asked to provide paperwork (such as W-2 forms) for the last two years, giving them a picture of how stable it is. They may inquire about any unusual situations, such (0 comments)