Over Time, Bonus, Commission & Form

1003 Session # 18
Employment Section # 4
Over Time Income Calculations
Bonus Income
Commission Income
Written Verification of Income
WVOE (Standard Verification of Income)
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[@Rahu_Rai]

You are a great teacher.

[@rajivmalhotra7239]

Thank you so much for sharing very useful information

[@jaywantdisale1698]

While calculating commission income do we need to deduct the 2106 reimbursement expenses from comission income.
Case 2 : what if borrower earing less than 25 of base so in this case do we need to deduct the reimbursed expense but in this as he is not self employee he wont get tax returns ......pls explain.

[@jaheershaik7652]

Sir Pls do on appraisal reports

[@kishorereddy5678]

Hi sir I do have a doubt , what are the qualifying approach for refinancing primary residence

[@leosudesh]

Please try to clarify more.. I did not get your question..

[@kishorereddy5678]

Can we use Indian partnership income / foreign income for us mortgage are there any conditions for foreign income

[@leosudesh]

There are two answers.. 1) if your borrower is u.s citizen and working in India.. then income could be used from his tax return 1040.. 2) If borrower is Indian but wanted to purchase a home in U.S then it will be considered as a foreign loan.. yes, then income from any country could be used according to their docs in foreign loan program..👍

[@kishorereddy5678]

Indigenous Outlook- Learnings [U.S.ResiMortgage] : thanks looot for clarifying sir

[@sachinkumarrathod693]

Sir Please tell me. What is the time frame of 1005.like paystubs-30 days ,w2- 2 yrs.

[@leosudesh]

1005 should not be more than 30 days old from application date!

[@sachinkumarrathod693]

Thank you sir...

[@satishsingh-be7dk]

Please tell me the components of ytd base needs to be considered

[@leosudesh]

Ytd will have same components as regular...

[@karthicklara3774]

Sir can do loan origination process video