How to figure out 31% with non-guarenteed overtime - Loan Modification Forum

sahm2two · 07-29-2009, 06:48 AM

Has anyone had the experience where they had overtime and how it was weighed in modification in regards to the 31%. My husband has OT now but it's because it's the summer time. When he doesn't it will drop us $400-$500 a month.

alikeith · 07-29-2009, 06:52 AM

From what i have read previously while researching, OT is not guranteed income, so they can't really include that as part of your wages.

07-29-2009, 06:48 AM	#1 (permalink)
sahm2two Senior Member Join Date: Jul 2009 Posts: 368 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	How to figure out 31% with non-guarenteed overtime Has anyone had the experience where they had overtime and how it was weighed in modification in regards to the 31%. My husband has OT now but it's because it's the summer time. When he doesn't it will drop us $400-$500 a month.

07-29-2009, 06:52 AM	#2 (permalink)
alikeith Senior Member Join Date: May 2008 Posts: 630 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: How to figure out 31% with non-guarenteed overtime From what i have read previously while researching, OT is not guranteed income, so they can't really include that as part of your wages.

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