My mortgage lender isn't taking my overtime into consideration for a loan, and it's affecting what I can qualify for. Is there anything I can do?

My mortgage lender isn't taking my overtime into consideration for a loan, and it's affecting what I can qualify for. Is there anything I can do?
0

#1

Hi. I have worked for the same employer for 15 years. I recently moved up to a management position. A lot of my hours are overtime. When trying to qualify for a mortgage I am having a hard time because I have a student loan. THe student loan is in a $0 per month payment status but $600 per month is going to my debt to income ratio. A mortgage lender told me that my overtime income can’t be used towards my income. My monthly gross income is $5400. But the mortgage lender I talked to said that I could only use the 40 hour a week amount. Is there anyway around that? My debt to income ratio will go way down if I can use my actual gross income from all my overtime. Its the same company I’ve been working with for the last 15 years, its just a new title.


#2

This thread has been closed. Have a financial question? Log in and ask our community!


www.viagra-on.com

https://honda.ua

kinder-style.com.ua