Paid by the Hour & Considering a Home Purchase? When you are paid by the hour vs. a salary, lenders generally average your income over a 1-2-year period, depending on your situation. But what happens if you receive an hourly increase? In that case, we can use your higher hourly wage and average your hours (not your income) over that same 1-2 year period. For some of my clients, this has helped them qualify for more, so let’s discuss your situation!
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Paid by the Hour & Considering a Home Purchase? When you are paid by the hour vs. a salary, lenders generally average your income over a 1-2-year period, depending on your situation. But what happens if you receive an hourly increase? In that case, we can use your higher hourly wage and average your hours (not your income) over that same 1-2 year period. For some of my clients, this has helped them qualify for more, so let’s discuss your situation!

ByBrandon Butler

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Considering Buying a Home? Don’t make this mistake! Suppose you receive W2 income and are considering a change to 1099 income. In that case, it will affect your homebuying ability because you cannot use that income until you have a filed tax return showing a full year of 1099 income. Let’s talk and build your roadmap to homeownership!
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Considering Buying a Home? Don’t make this mistake! Suppose you receive W2 income and are considering a change to 1099 income. In that case, it will affect your homebuying ability because you cannot use that income until you have a filed tax return showing a full year of 1099 income. Let’s talk and build your roadmap to homeownership!

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.