Answer
If you have several jobs, most likely the ones that will be considered are the ones you can prove that you have held for a year or more. This includes part time, moonlighting jobs if you wish to have that income considered. Keep a good file with paystubs, award letters and so on. If you have paid off a judgment or a bankrupcy, you will need the letters saying they are paid. It will save you time when you need to produce the information.
Answer
Income that can be used in your qualifying ratios has to first be "proveable", either via W-2s, paystubs, award letters, etc. It must have been consistent in the past(usually 2 years) and more importantly be expected in the future. Sources of income can include hourly jobs, salaried jobs, self-employed situations, pensions, trust awards, alimony, child support, retirement and so on; basically anything that you can prove that you have received in the past and can prove that you will receive.
First answer by Eloy B. Last edit by Simplemary. Contributor trust: 938 [recommend contributor]. Question popularity: 141 [recommend question]
Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Loans > What income is reportable to lower the debit to credit ratio when trying to purchase major items likes autos and homes?
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