How do they calculate monthly income? - Loans, Debt & Credit

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How do they calculate monthly income?

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Loan Modification Learn everything you need to know about loan modifications. Can't refinance? Are you in a ARM mortgage that's adjusted or about to? Late on your mortgage? Then this section for you!

This is a discussion on How do they calculate monthly income? within the Loan Modification forums, part of the FREE Help Online category; Does anybody know exactly how monthly income is calculated? Is it your salary divided by 12? Is it your 2 ...

11-06-2009, 12:40 PM	#1 (permalink)
ABC123 Senior Member Join Date: Apr 2009 Posts: 117 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	How do they calculate monthly income? Does anybody know exactly how monthly income is calculated? Is it your salary divided by 12? Is it your 2 week paystubs added together?? How do they account for the 2 months in the year where the gods smile on me and I get an extra paycheck? Is overtime included? Thanks.

11-06-2009, 12:44 PM	#2 (permalink)
lemaudit Banned Join Date: Oct 2009 Posts: 162 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: How do they calculate monthly income? paystub x 26/12 or they use the tax returns

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