Credit and provable income are the two most important items when it comes to qualifying for a mortgage. One of the types if income that a lender considers risky is Commission Income.
Almost all lenders are going to want to see that the borrower has been receiving commission income for the last two years and use an average of those two years to establish their income.
Check out this episode to learn more!
You can also watch the video version HERE...
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Born and raised in Southwest Florida, I have been in the Mortgage business since 2001 I'm a grizzly, battle tested mortgage veteran. I am also the Host of Rates & Reels, which is the most popular fishing show in Southwest Florida, hosted by a guy named Tim. In my spare time I love spending time with my family, coaching baseball, and anything else my kids or wife want me to do. I would be happy to help you or someone you know with any of your Mortgage needs.
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