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Just the other week, I had an associate tell me that he felt like jumping off a bridge! “Why the leap of faith, ” I ask. After 10 minutes of rambling on how he spent 3+ months working on this couple that finally saved up enough money to buy their first home and at the VERY end, [...] Here are some FHA guidelines in regards to calculating income. Its CRUCIAL to be able to calculate income correctly and UP FRONT at the time of application because this can save everyone a lot of money and headaches when done correctly. Individual Tax Returns (IRS Form 1040). The amount shown on the IRS Form 1040 as “adjusted gross [...] |
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