Income on Apps - Indvidual or Household

[BarryNTexas]

I have always put in my income only on all my apps over the years.  I see differing references to both methods on this forum and would like some definitive feedback.  i could clearly add 25% to my income at time of apps if I did household.  I bet there are others out there wondering the same. TIA -Barry

[gdale6]

use for income whatever you can expect to reasonable get your hands on to pay your bills, if that is HHI then by all means use it.

[efranklin23]

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@BarryNTexas wrote:

I have always put in my income only on all my apps over the years.  I see differing references to both methods on this forum and would like some definitive feedback.  i could clearly add 25% to my income at time of apps if I did household.  I bet there are others out there wondering the same. TIA -Barry

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I say ask the lender what they consider income and simply give them that info. Some take household and some don't.

[-Wade-]

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@efranklin23 wrote:

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@BarryNTexas wrote:

I have always put in my income only on all my apps over the years.  I see differing references to both methods on this forum and would like some definitive feedback.  i could clearly add 25% to my income at time of apps if I did household.  I bet there are others out there wondering the same. TIA -Barry

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I say ask the lender what they consider income and simply give them that info. Some take household and some don't.

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+1 i would not jump the gun without knowing for sure