Many people wonder whether or not they can use their overtime income to qualify for a new mortgage. The answer is Yes but there are certain requirements in order to be able to count it. Typically you need to have been earning overtime for the past two years in the same line of work. When analyzing risk most lenders want to be sure that your income and work history is stable and consistent. There are certain exceptions when less than 2 years is permissible. Please contact us if you want to see if we can use your overtime to qualify you on your new mortgage.
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