Catch this sequel to The Basics of Income for an introduction into more complex income types that can be used to qualify your borrower, including non-taxable income.
In this course you will learn to:
Understand the GSE requirements for documentation of Social Security, Child Support, Alimony, Military Income, Disability, and Retirement income
The importance of establishing stability, predictability and continuance of these complex income sources as they relate to the risk of the loan
Calculate and gross-up non-taxable income sources