Regular Contributor
Posts: 143
Registered: ‎12-05-2007
Calculating income

The way income is calculated is going to very important on getting my loan approved. I am a w-2 employee been with the same company over 4 years, 8 years in the same field. I make 31/hr but I get a 18% differential during the week and 31% differential on the weekends and work a schedule of 84 hours bi weekly. In 2011 I made 72000, and in 2010 60000 (more money due to plan change in late 2010), I am on track to make 84000 this year. Can anyone tell me how this will be calculated. This will be my second home (havent sold the one I am in yet). I can refinance my cars if needed or even trade, just trying to get a general idea.