Texas Cash Back Real Estate
Jill Aylwin - Real Estate Broker, Realtor, MBA
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Ph: (281) 334-CASH
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Gross Income Worksheet
Two items that help determine your ability to purchase a home are how much you have for the down payment and how much you can borrow.
Lenders today offer a wide array of low down payment mortgage products that help you purchase a home. Your lender can discuss mortgage products that may suit your needs based on your income, your expenses, and the cash you have for a down payment.
This worksheet helps you evaluate your income. Some of the sources include your salary, bonuses or tips, dividends, and alimony, child support, or separate maintenance. Your lender needs to get a true picture of your total income to get you the mortgage amount you want.
We suggest you print this worksheet and fill it out.
Gross Income Worksheet
Enter the gross (pretax) amount for any of the items below.
We suggest using monthly amounts for consistent calculations.
Source of Income Borrower Co-Borrower Frequency (Yearly, Monthly, Bi-Weekly, Weekly)
Estimated Base Income (pre-tax) $ ___ $ ___ ___
Overtime $ ___ $ ___ ___
Bonuses or Tips $ ___ $ ___ ___
Commissions $ ___ $ ___ ___
Dividends or Interest $ ___ $ ___ ___
Alimony, Child Support, or Separate Maintenance+ $ ___ $ ___ ___
Pension or Retirement $ ___ $ ___ ___
Social Security or Disability $ ___ $ ___ ___
Rental Property Income $ ___ $ ___ ___
Other Income
(investment earnings, second job, etc.) $ ___ $ ___ ___
Subtotal $ ___
$ ___
Total $ ___
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