|
Here are some more mortgage refinancing income types that can possibly be added to your mortgage refinancing application.
Overtime income, in order to be included as part of your mortgage refinancing income on a mortgage or mortgage refinancing application, needs to be consistent and easily documented. You need to provide at least a two year history of your over time earnings (but if you can't, try to provide what you can). Another reason to include overtime income is if you plan to continue your overtime hours in the future, which provides you with a steady income for years to come.
As with overtime, you need to be able to document part time income for at least two years in order for it to be considered. If you are consistent in your part time work though, and plan to do it for a while, but haven't done it for two years yet, still include it. Lenders might possibly take that into consideration anyhow.
|
