Husband and I run an online biz from our apartment, will lenders use "income" before or after taxes?

Lenders will use your adjusted gross income. That is the reported income, less expenses, but before taxes. Because you are self employed, the lender will require 2 years filed federal tax returns to determine your qualifying income. I'm a mortgage broker in Scottsdale AZ and I only lend in Arizona. If you or anyone you know is interested in mortgage finance, please contact me or feel free to pass along my info. WilliamAcres.com. 480-287-5714

The income that will be used is the adjusted gross income. We are a mortgage banker located in AZ and if you would like to for us to review your returns and let you know what you qualify for give us a call 602-531-7040 or jafonso@azhomerates.com.

When the time comes & you are looking for the lowest rate, give us a call at 602-358-8717.