Bonus Income

Some bonus or miscellaneous income can be used to document acceptable source of funds. The basic guideline is that these funds must be fully documented to verify their validity. Each lender makes the final decision about specific fund sources. Some examples of often acceptable sources of funds include the following:

  1. Regularly expected bonus
  2. Commissions above normal average
  3. Income from a special short-term contract
  4. Wedding gifts
  5. Tax refunds
  6. Gaming and lottery income

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What You Need to Know About Real Estate

What You Need to Know About Real Estate

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