Can social warranty count as income when getting a home and/or business mortgage?
yes social security is an income becuse thats money you getting all the time.
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Answers.yahoo.com
Yes it will and you can multiply the amount you bring back times 1.25% because that income is not taxable.That will give you more money to qualify.
Yes, Social Security income can be used to qualify for a home mortgage. You will have need of documentation to show that the income will continue for at least 3 years. It can also be "grossed up", or multiplied by 1.25 because it isn't taxable income.
Absolutely YES!
Related Questions:
Are at hand any mortgage lenders who will re-mortgage your home if you are on benefits.?
3 years ago my husband became disabled, due to 3 prolapsed discs in his rear legs, and have not been competent to work at all. I am his carer. We have a interest paying mortgage individual at...
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Answers.yahoo.com
Yes it will and you can multiply the amount you bring back times 1.25% because that income is not taxable.That will give you more money to qualify.
Yes, Social Security income can be used to qualify for a home mortgage. You will have need of documentation to show that the income will continue for at least 3 years. It can also be "grossed up", or multiplied by 1.25 because it isn't taxable income.
Absolutely YES!
Related Questions:
Are at hand any mortgage lenders who will re-mortgage your home if you are on benefits.?
3 years ago my husband became disabled, due to 3 prolapsed discs in his rear legs, and have not been competent to work at all. I am his carer. We have a interest paying mortgage individual at...