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Can part-time income, overtime income, bonus income be counted to qualify for loan?
#1
Part-time income, overtime income, and bonus income can be counted towards income qualification only if you had consistent part-time income, overtime income, and bonus income for the past two years and the part-time income, overtime income, and bonus income likelihood is likely to continue for the next three years. A written verification of employment will be required by the mortgage loan borrower's current employer or part-time employer and the employer needs to check the verification of employment section where it asks whether the income is likely to continue. Attached is an article I wrote and published on my blog concerning part-time income, overtime income, and bonus income.

http://gustancho.com/part-time-income-fo...ification/

 
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