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!