Gross Income Mortgage Calculator
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Question: Gross Income vs. Adjusted Gross Income?
When applying for a Home Loan which Income is used to determine how much loan you would be approved of Gross Income or Adjusted Gross Income. I have 401k, health insurance and my husband has business expenses. I am trying to input the figures in an online Mortgage Calculator to get some figures.
Answer: Generally gross income!
To be conservative, use your AGI!
Suze Orman’s easy money to-do list
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