How Do Mortgage Lenders Qualify Your Income?

How Do Mortgage Lenders Qualify Your Income?. Stated Income - Self Employed Mortgage Borrowers with Vancouver mortgage broker

How Do Mortgage Lenders Qualify Your Income? video duration 4 Minute(s) 7 Second(s), published by MortgagesInVancouver on 02 03 2010 - 08:04:08.

How much do you make a year? This is one of the first things a mortgage lender will ask and one of the top 3 things that they really care about on a mortgage http://www.notapennydown.com Vancouver mortgage broker mark Fidgett with realestate news for home buyers & mortgage home first time home buyer.

http://www.notapennydown.com How to pay off your mortgage fatser? How's the real estate market? Are interest rates going up? With Vancouver Mortgage Are you planning on setting aside extra savings in the near future? When you're building savings for a long-term goal like retirement or education, keep in mind http://www.notapennydown.com Mark Fidgett Self employed - Mortgage Vancouver with Vancouver mortgage broker Mark Fidgett.

How much do you make a year?\r
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This is one of the first things a mortgage lender will ask and one of the top 3 things that they really care about on a mortgage application.\r
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Why?\r
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Because this is what is going to tell them how much you are worth. Sounds shallow and harsh but its a reality.\r
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No one likes to be working pay check to pay check and the banks dont like making you live that lifestyle either. Morally it isn't good for PR but also, if you are walking that close to the edge every month then the chances of you missing payments becomes greater. If your cars engine konks out then you may have to skip your mortgage payment in order to get it fixed or you could get the flu for 4 days and take time off work which makes your short this month, and so on.\r
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Basically, this situation isn't good for anyone so in order to prevent this, banks have different methods of qualifying your income.\r
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So what do I mean by \