LoANS
Variable Income
Earn income that is not always receive in the same amount each month
- Bonuses
- Overtime Pay
- Commissions
- Tips
- Base-Rate Salary, Fluctuating Hours
A borrower with variable income is average from earnings over the past two years
- Written verification of employment
Year-end paystubs
Prime Jumbo
Differences between Prime Jumbo and Prime Jumbo Released Products
Jumbo loans are loans for properties that are $1 more than the over the conforming loan limits in the county in which the property is located.
A Schedule K-1
How To Read A Schedule K-1 Tax Document
K – 1 Document
- An IRS tax form issued annually for an investment in a partnership, an LLC, or S-Corporation
- Purpose to report each owner’s share of the businesses earnings to their personal tax returns.
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