Are planning on using your bonus income or overtime income to help you get a mortgage?
...If so, then there are three important things you need to be aware of:
1) Lenders can't use bonus income or overtime income unless you can prove you have been receiving this income for 2 years.
2) The employer has to indicate that the bonus or overtime income will likely continue.
3) Lenders will use a two year average of bonus and/or overtime income. So, if you got alot this year, but not last year then we will have to use an average of both years.
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