How Mortgage Lenders Calculate Income: Everything You Need to Know

In this episode of Mortgage Made Simple, we dive deep into how mortgage lenders calculate your income—whether you’re a W-2 employee, self-employed, earning commissions, or have a mix of income sources. We’ll cover everything from hourly vs. salary pay, how bonuses and commissions are considered, to the impact of job changes. Plus, learn what documents you’ll need to have on hand to make the process smooth. Whether you're a first-time buyer or looking for a refresher, this episode will help you understand the ins and outs of income calculation for mortgages.