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Real estate tip: Net income best gauge for mortgage repayment

Do lenders consider before-tax or after-tax income?
Published on Jan 20, 2004

Lenders consider both kinds of income when processing your loan application. Before-tax income is gross income before taxes are paid. For budget purposes, however, you should always consider your after-tax income as the money you have available to pay your bills every month. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....

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