PMI on Conventional Loans With Higher Than 80% LTV
This guide covers PMI on Conventional loans with higher than 80% LTV. PMI on Conventional loans with higher than 80%…
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This guide covers PMI on Conventional loans with higher than 80% LTV. PMI on Conventional loans with higher than 80%…
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There are special rules for commission income when applying for a mortgage:
These rules apply to anyone who earns at least 25% of their compensation from commissions.
In general, you must earn commission income for at least two years to use it for mortgage qualification. But there are exceptions.
Because commission income is variable, lenders average it according to certain rules.
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