Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Are you a Mortgage Broker? Can I go ahead and ask you anything?

alltherage · 03-15-2010, 12:37 PM

I'll be a first time home buyer this summer/fall but we're still working on the down payment til then. My questions is, when they qualify you for your first mortgage, how does comission work?

For example if I make (random numbers) $50,000 salary, add $20,000 in comissions, do they qualify it with $50,000 or $70,000?

Also, I've only been at this job for about 3 or 4 months, so I don't have a long history- but overall I've been steadily employed full time for 5+ years.

Thanks CPBT.

03-15-2010, 12:37 PM	#1
alltherage Missed the bus Join Date: Jan 2006 Exp:	Are you a Mortgage Broker? Can I go ahead and ask you anything? I'll be a first time home buyer this summer/fall but we're still working on the down payment til then. My questions is, when they qualify you for your first mortgage, how does comission work? For example if I make (random numbers) $50,000 salary, add $20,000 in comissions, do they qualify it with $50,000 or $70,000? Also, I've only been at this job for about 3 or 4 months, so I don't have a long history- but overall I've been steadily employed full time for 5+ years. Thanks CPBT.