Did you know that some forms of non taxable income can be grossed up?
When it comes to buying or refinancing a home, lenders figure the borrowers’ debt to income ratio. In calculating the total income, there are two main categories. Foremost, there is taxable income which covers most types. Examples of taxable income include w2, most retirement pay, or self employment. Additionally, there is non taxable income, which is exempt from […]
