Understanding Variable Income in Mortgage Underwriting

Описание: In this video, I explain the importance of understanding how your income is calculated during the mortgage underwriting process. Many people have misconceptions about variable income, which can greatly impact their ability to qualify for a home loan. I discuss different types of income, such as W-2, hourly, salary, and variable sources like bonuses and commissions. I also explain how variable income is calculated on a two-year average scale and why working with a broker can provide more flexibility. Watch this video to gain a better understanding of variable income and its impact on mortgage qualification.