Does a lender or broker have to consider my part-time or retirement income?
- Listed: August 13, 2022 2:59 pm
- Expires: This ad has expired
Description
Does a lender or broker have to consider my part-time or retirement income?
A creditor such as a lender or broker cannot discount or refuse to consider your (or your spouse’s) income because it comes from part-time employment.
A lender or broker also cannot discount or refuse to consider income that is an annuity, pension, or other retirement benefit. Like all other forms of income, however, a lender or broker can consider the amount of the income and likelihood that it will continue.
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Listing ID: 80762f7bc3f969f4
- Listed by: Editor
- Member Since: July 24, 2018
Other items listed by Editor
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- How long do I have to rescind? When does the right of rescission start?
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