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Marty Searing
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Non W-2 Income
People often have sources of income and funds other than their salary and savings that can be used when applying for a mortgage loan.

The following is a list of alternative sources of income that may help you qualify for your next mortgage:

Sometimes, items such as a car allowance can be used to supplement or increase your income. Usually there will need to be a steady history of the car allowance and your employer may have to indicate that your car allowance should and will continue.

Child support can be figured as income if you have been receiving it for at least 12 months and it will continue on for an additional 2 years. You must be able to show proof of the support payment such as bank statements or cancelled checks.

Social Security can be used as a form of non W2 income to qualify for a mortgage loan. In order to use Social Security as income it has to be continued for at least the next 3 years.

 
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Mortgage Broker | Home Equity | LESS THAN PERFECT CREDIT | Selling a home without a realtor | Will Stated Income Work for You
This is not a commitment to lend. Restrictions may apply. Information is subject to change without notice. All loans are subject to credit approval. Equal Housing Opportunity.
 
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