Quote:
Originally Posted by copperdreams
They are very strict about this. Your annual income will be calculated by annualizing your last six paystubs. So its like you were paid and will be paid being paid at your current rate for the whole year. Unfortunately, if that calculation brings you even a tiny bit above the bracket, you will be disqualified.
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If your income changes
after you were interviewed and you have handed in your six paystubs already, everything depends on whether you are asked for more paystubs as time goes on.
It's possible you will not be asked to update your documents. Then you will "squeak in" to the apartment.
On the other hand, if the building is delayed for any reason, and you have to wait to sign your lease, you may be asked to hand in more paystubs. At that point, if you are above the bracket, you will be disqualified.
Another factor is that documents get stale after 120 days. So if there is a real delay, you will need to provide everything again. At that point, you will be disqualified.
The bottom line is, as I've said often on this board, is that the apartment isn't yours until you are standing at your front door with the key in your hand, turning the lock. Up until that point, anything can happen. Sad but true.
Best of luck!