Mortgage Vs. Salary?

Answer When you apply for a mortgage loan, you'll need to present your lender with proof of your annual salary. There's a reason for this: Your lender wants to make sure that you make enough money every m... Read More »

Top Q&A For: Mortgage Vs. Salary

How much of my salary should be for a mortgage?

Most lenders try to target a borrower's monthly mortgage payment, including escrow payments, to be 28 percent or less of the total monthly gross income. The total monthly debt of a borrower, howeve... Read More »

How to Calculate a Borrower's Salary for Mortgage?

Figuring income for a mortgage is one of the most important aspects of determining if a borrower can afford to make the monthly payments. If a person does not have enough documented income in order... Read More »

The average salary of a mortgage closer?

According to the U.S. Bureau of Labor Statistics, the average salary for a mortgage closer is $33,890 a year, as of May 2008. The average hourly wage is $16.29. Mortgage closers in the 90th percent... Read More »

The Average Salary of a Mortgage Processor?

A mortgage processor compiles and verifies mortgage applications to ensure the information is correct and complete to meet the standards of the lender.