How Lenders Treat Commissions

How Lenders Treat Commissions When Qualifying for a Home Loan   One of the biggest factors lenders use in qualifying potential home buyers is income. When coupled with credit scores, income is critical in reducing the risk for the lender which in turn gives the buyer better terms, lowering cos

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How Lenders Treat Commissions When Qualifying for a Home Loan

The main concern lenders have when evaluating risk is the consistency of the borrower’s income. Commissions and bonuses are variable, and lenders want to be assured that the income will continue. The first thing a borrower can do to reassure the underwriter is to offer strong documentation. Peop

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