Video Transcript:
You believe your huge commission checks make getting a large home loan simple. But lenders see something very different; they see risk because your pay changes monthly. I am David Ghazaryan, and I build the case that lenders need to see. We prove your changing income is actually steady, predictable, and strong for the future. The most important rule is the two-year average, a very strict calculation. Lenders add all commission from the past twenty-four months and divide by twenty-four. (Data may vary over time) If your income went down in the second year, this creates a big problem. Lenders will use the lower number, calculating your loan with your weakest year's pay. Here is another hidden trap: your past work expenses from your tax forms. Lenders must subtract these costs from your income, which lowers your total buying power. This system has specific paths to success, but you must follow the rules. Find deeper analysis on my website or social platforms. See links in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/texas-jumbo-loan-on-commission-pay-a-dallas-guide
