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U/W Tip: Part Time Income

By
Mortgage and Lending with Home Sale Lending, LLC

If you are using part time income to qualify, please remember: You have to verify that the part time income has been uninterrupted for at least one year and that it is likely to continue for 3 years. You have to average the part time income over a 12 month period. If someone has a 6 month history of working part time, you can not count the income to qualify.

Mary McGraw
GLREA - Rockford, MI
2015: Solar Energy Is Still A Simple Machine!

Good tip Dan. Is seems like a minor thing until it changes the deal!

Welcome to Active Rain! Glad to see you are up and running!

Jun 15, 2007 01:13 AM
Dan McCormac
Home Sale Lending, LLC - Lancaster, PA
Thanks for the feedback...still trying to find my way on this
Jun 19, 2007 08:37 AM