Were you in the process of financing a home and now you’ve found yourself without a job? Is that a problem? Many have been temporarily laid-off due to current times but there are other forms of compensation you may not have considered.
Here are some forms of compensation that are acceptable to apply for a loan, other than income from a job:
Some lenders are now allowing an asset depletion calculation, where income is calculated based on the assets you have saved in your accounts. This list is not exhaustive and there may be other types of income.
If you have questions or would like some assistance, contact us at Counsel Mortgage Group. We’re here to help.
We offer a variety of products and services, ask us how we can assist you today:
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