Genuine question: why is it suggested to do the calculation with ‘gross income’ instead of ‘net income’? No one gets the gross amount deposited into their account, only net, so why would we use gross income for the calculation if not all that money is even available to begin with?
Sometimes I need to hear this because I go way over my head looking at these dream homes lol thank you
I dont know why this came up in my feed but good video and I subscribed.
Excellent information!
Thank you for watching!
Genuine question: why is it suggested to do the calculation with ‘gross income’ instead of ‘net income’? No one gets the gross amount deposited into their account, only net, so why would we use gross income for the calculation if not all that money is even available to begin with?
I already have a mortgage lender and im closing in a few weeks. Are you able to look through and make sure everything makes sense? Thanks in advance.
Hello, I would be happy to! Please reach out and you can send me your loan estimate.