Why Gross Income
Date: Fri, 10/05/2007 - 21:22
Can someone of you please tell me why do lenders consider my gross income while calculating debt to income ratio and why not net income, when they know that thats what i will have while paying my debts.
That is a very good question. I wonder that also, what is the u
That is a very good question. I wonder that also, what is the use...so that you can figure out how much money you are wasting...go figure..I am sure there is some dumb reasoning behind that.
ladybug
I always put net income on my loan apps with a written detailed
I always put net income on my loan apps with a written detailed list of money used for household bills.
