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Gross or Net Income?

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timmis1127
Regular Contributor

Gross or Net Income?

Hello,

 

Next year my wife and I are looking to purchase a home, my current gross income is around $95,000 (W2: $39,000, K1: 40,000, Rental Income: $20,000)

 

I have received mixed answers from a number of people I have asked, do the banks look at my gross income which would be the $95,000 or do they look at my net which is eveyrthing after my deductions. 

 

Thank you!

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