What type of income counts towards obtaining a mortgage?

Answer When applying for a mortgage, a borrower is required to show proof of income. This proof can be in the form of pay stubs, W-2 forms, 1099 forms or income taxes. If the income is not listed on any o... Read More »

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Income Requirements for Obtaining a Government Backed Mortgage?

The Federal Housing Administration (FHA) insures loans originated by approved lenders throughout the United States. Typically, FHA loans offer lower interest rates and more flexible approval criter... Read More »

What percent of income do banks require towards a mortgage payment?

A good rule of thumb when determining the maximum amount of a mortgage payment is not allowing the amount to be over 28 percent of your gross monthly income. This is known as the 'front-end ratio' ... Read More »

I need help with obtaining some type of income?

Have you applied for TANF (temporary assistance for needy families) and Food Stamps in your state? The links below will answer some of your questions. I hope your SSI payments start coming in rea... Read More »

What Counts As FAFSA Income?

The Free Application for Federal Student Aid (FAFSA) looks at a student's available assets and determines the amount of money that student is qualified to receive to help pay for college. It is imp... Read More »