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Acceptable Income for Borrowing Capacity Calc?

Posted by Natsimc Natsimc
Message 1 of 2 1,901 Views

Hi, I'm currently looking at an owner occ purchase and trying to get an estimate of my borrowing power using your online calculator.

I receive a base salary, plus a quarterly commission determined by sales.

Do you accept the commission income also or just the base salary when considering borrowing power? 

Thank you

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Re: Acceptable Income for Borrowing Capacity Calc?

Posted by SarahF SarahF
Message 2 of 2 1,893 Views

Hi @Natsimc, thanks for your query. There are a few types of income that will be assessed when calculating your borrowing power - if you would like to send your contact details to our forum mailbox ( I can forward these on to a Home Loan Specialist for a call back. Hope this helps!

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