How Underwriter's Calculate Income

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  • Опубліковано 6 вер 2024

КОМЕНТАРІ • 23

  • @mirandayo3039
    @mirandayo3039 8 років тому +3

    Great video!! Schedule C borrowers, the good news is that if you take deductions for Depreciation, Depletion or Business Milage (Check IRS website for rate allowed for each year. Business Milage x rate= $$$) the underwriter will add those back to your qualifying income. 1040 filer's need to be aware of any 2106 form expenses which are for un-reimbursed employee expenses this will lower your qualifying income.

  • @MrJamylephillips
    @MrJamylephillips 8 років тому +3

    That's great. Excellent information. They waited until we got under contract to say all of this...

  • @marcieguerrero4396
    @marcieguerrero4396 9 років тому +2

    Thank you for this detailed explanation of tax returns- very helpful!

  • @virtuouslady5679
    @virtuouslady5679 3 роки тому +1

    Thanks companies need to ask for tax returns when they pre-qualify you..not during the loan process.

  • @ameneh212
    @ameneh212 5 років тому +1

    Good information, Thanks!!
    Could we use our overseas income tax return (Germany) for the past 8 years to get loan in the USA?

  • @shankey6
    @shankey6 3 роки тому

    Very helpful.. THNK U...from me and my 13 group of friends. Madam...Kindly assist is there any chance to remote job for India to US 🇺🇸.
    Regards and God bless you 🙏.

  • @sudakara2388
    @sudakara2388 4 роки тому

    Can a small auto accident lawsuit ( defendant) affect the Mortgage approval , Auto Insurance company is fighting the case currently but the coverage is state minimum

  • @MakeWay4CJ
    @MakeWay4CJ 4 роки тому

    I have a question.....What would one do if all of their income is non-taxable /net income such as VA compensation (permanent disability) and social security? In this case there are no tax returns involved yet the income IS steady and unchanging. So how would an underwriter handle income made up of net income and what would they need as verification other than updated confirmation award letters?

    • @themortgagenerd
      @themortgagenerd  4 роки тому +2

      MakeWayForCJ that’s ok! We’ll get your awards letter and can use it!

    • @MakeWay4CJ
      @MakeWay4CJ 4 роки тому +3

      @@themortgagenerd I appreciate your response because I was concerned about that.
      Thank you!

    • @pililacantos5272
      @pililacantos5272 4 роки тому

      Thanks for your question! I'm 100% and closing on Aug14.

  • @mahaveernaik5575
    @mahaveernaik5575 3 роки тому

    Could you please share basic underwriting

  • @sainyamsharma1341
    @sainyamsharma1341 7 років тому +2

    you look damn good

    • @offgridprosperity
      @offgridprosperity 6 років тому +1

      sainyam sharma HOOOOHH JU LOOK SO GOOT HUNNAY ME INDIAN MAN VERY HORNY PLEASE SHOW BOB AND VAGENE MEME PLEEEEZ ROFL

  • @llirman
    @llirman 4 роки тому +1

    Thank you for thr video

  • @kingmiller1982
    @kingmiller1982 3 роки тому

    Wages is number 1

  • @sammindbodyandsoul348
    @sammindbodyandsoul348 6 років тому +4

    dang shes beautiful

  • @homemortgage411
    @homemortgage411 7 років тому

    Nice Job!