Bonus Income

Bonus Income – A minimum history of two years of bonus employment income is recommended. However, bonus income that has been received for a shorter period of time may be considered as acceptable income, as long as the borrower’s employment profile demonstrates that there are positive factors

Read more

What Is a Mortgage Credit Certificate

The Mortgage Credit Certificate offers a great financial benefit for new homeowners — and it’s not widely known. A Mortgage Credit Certificate (MCC) is a certificate for primary residences that entitles you as a homeowner to an additional tax benefit when you file your federal income tax

Read more

Income Stream for Retired Borrowers

Monthly Distributions from qualified accounts Monthly Distributions from qualified accounts can be used to establish an income stream for retirement age borrowers Fannie and Freddie both allow someone of retirement age to establish a monthly deduction from a retirement account to use as qualifying monthly income so

Read more