Topic
Calculating real monthly income, and what rent-to-income ratio to hold.
Income math and qualification
Multiplying weekly pay by four undercounts by nearly 8%. Here are the correct multipliers for every pay frequency, and the three cases where the arithmetic does not apply.
Income math and qualification
There is no industry-correct threshold. What matters is that yours is written down, applied identically, and matches whatever your application platform already uses.
Income math and qualification
Gig, cash-paid, and self-employed applicants fail a document-based income check by definition. The account, not the document, is where their income is visible.
Income math and qualification
Most guarantor policies verify the applicant thoroughly and the guarantor barely at all. The guarantor is the party you are relying on if things go wrong.
Income math and qualification
A connected bank or payroll account gives you duration, variance, and every income source at once. A pay stub gives you two weeks the applicant selected.