Posted by RR Smith on June 06, 2000 at 21:03:36:
In this case I would insist that the mortgage provider use the 3 year income average off the tax return figure…(which is what they usually do in this area).
W’2 rarely tell the full story once you are making a decent REI income. In the CSheets course they make a point (a good one I think) that you should SHOP for a mortgage. This involves going to 3 or 4 (more!?) mortgage comp. and getting quotes on points, lock time, type, etc. etc. (you shop for a car, or a house don’t you??).