Loan question

[Nocturnal]

When you apply for a loan does the lender look at gross income or net income? I ask this because I will start making roughly 20k a year and I'm wondering if that is what they look at over the net. Thanks in advance.

 

[RossMAN]

Gross (before taxes) either monthly or annual.

LOL

 

[Nocturnal]

Originally posted by: RossMAN
Gross (before taxes) either monthly or annual.

LOL

Why the "LOL?"

I got all my debt down to just my recent personal loan which is 3/4 paid for already. It was supposed to be a 3 year loan but I got it to just under not even a year. By the time I make a year at my job in May I'll have already paid off all debts.

 

[RossMAN]

Originally posted by: Nocturnal

Originally posted by: RossMAN
Gross (before taxes) either monthly or annual.

LOL

Why the "LOL?"

Trust me, you don't wanna know