Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I have dividend and interest income. I've seen some mortgage calculators include this as income calculation. How and when do lenders consider this as income for mortgage purpose?
Will I only need to show brokerage statements and tax returns?
2 years tax returns and evidence the assets still exist.
If you will be using any portion of those assets for your purchase, the proportionate income will be deducted. So say you use 25% of your assets to make the purchase, the dividend and interest income will be reduced by 25%. If you are liquidating much of the assets (over 70%), that income will be heavily scrutinized.