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The conventional mortgage system was built around a specific borrower profile, and it works well for that profile. Stable employment, a consistent salary, tax returns that show income in a straightforward way, and a debt-to-income ratio that fits within standard...

The assumption built into conventional mortgage qualification is that tax returns tell the truth about income. For a salaried employee, they largely do. For everyone else, the relationship between what the tax return shows and what the borrower actually earns is more...

Assets vs Income: A New Way to Think About Mortgage Qualification! The mortgage qualification conversation has a default setting, and most borrowers never question it. Income goes in, debt goes in, a ratio comes out, and the ratio either works or it doesn't. For the...