Video Transcript:
Lenders average your last two years of income. If you earned more last year, this hurts you. Your success is punished, reducing what you can borrow. This averaging rule feels absolute, but it is not. I, David Ghazaryan, build cases around specific exceptions, using just one year of your income to qualify. The system has a built-in exception. Fannie Mae guidelines allow using only your most recent year’s income if your business shows at least twelve months history. (Data may vary over time) We prove your income growth is real and will continue. With documents like new contracts, we show lenders why your most recent year is the truth. Using last year's higher income makes a big difference. This small change in calculation can mean you get approved for fifty thousand dollars or more. This is how we structure files for maximum buying power. Read the full article on my website, follow my work, and see all links in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/how-to-stop-lenders-from-averaging-your-texas-income
