Originally Posted by
rswitz
Thanks for the info. Second part to my question - do any of you who've bought houses know if mortgage lenders only go by minimum guarantee, or do they average your monthly income?
So if I'm making 80 bucks an hour, my minimum salary is roughly 70k. But if I earn far more than that, will the bank factor that in?
They will only use your NET pay. Per diam will not count as income. My sister is a loan officer.
Best of Luck