Key words: DTI; Income
DTI (debt to value) is one key factor of loan approval. For income there is two type, one is employment income, the other one is self-employment income.
Employment income is from corporation whose holder isn’t yourself, your family member or interest party of the loan you apply. For employment income, paystub is very important, and we will calculate income by analyzing paystub. There are two type income in paystub, one is base / salary income, the other one is other income except base / salary income. The reason is that base / salary income can direct use, but other income need two years history. Only one type of other income has two years history, we would use it as a part of income. For calculation other income, you can use last two years this type income add total this type income in paystub, then divide 24 + pay period ending month number in paystub, the result is this type income we would you use.
This is a preliminary calculation and we will analyze it, but if there aren’t exceptional cases, it would be final result.
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