Ep. 80 Realtor Advice: Qualifying Buyers with Commission Income

Written by Tim Hart | Jan 26, 2022 5:19:00 PM

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...

We are always here to help with you or your buyers. Call my office at 239-437-4278 anytime if you ever need a buyer pre-approved.

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