Covers all income types and best practices for calculating and verifying borrower income accurately.
How to determine variable pay from a paystub When reviewing a borrower’s paystubs, you’ll quickly notice that payroll providers often use different formats and terminology, making it challenging to accurately
How do I determine income for union workers? Determining income for union workers comes with unique challenges. Unlike conventional employment, these workers typically take on a series of short-term assignments.
How to Determine Variable Income for My Borrower Variable income is the leading cause of income calculation issues for most lenders. Variable income is generally categorized into the following classes
How do I gross up non-taxable income? Non-taxable income refers to earnings exempt from income taxes. Common examples include child support, alimony, Social Security income, VA benefits, interest income, and
What if my borrower changes tax filing status? Business owners often change their business entity type as their enterprise evolves. For example, a business may start as a sole proprietorship
How Do You Calculate Income for a Travel Nurse? Travel nurses play a vital role in the healthcare industry by taking on temporary assignments through staffing agencies. These assignments can
Happy New Year 2024 from the Blueprint Team, and welcome to our Zone Of Confusion Blog PART TWO. Posting these blogs has become a tradition for us as we go
Happy New Year 2024 from the Blueprint Team, and welcome to our Zone Of Confusion Blog, which has become a tradition for us to post as we go into our
Securing a mortgage for your borrower is exciting, but sometimes, you might find your borrower is on the edge of qualification. Imagine helping your borrower who is just a step
Rental Income and the Form 8825 The IRS 8825 form, officially titled Rental Real Estate Income and Expenses of a Partnership or an S Corporation, is used to report rental
