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Tag: Gross Income

Let’s talk Financing: Gross Income outdated?

Posted on February 15, 2007 by S-Crow

Bonus Picture Day (billboard next to Everett Events Center): Looks like the banking industry is aware of the debt picture. Gross Income outdated? For years the lending industry has utilized gross income as the yardstick by which consumers are qualified to obtain mortgages. Let’s say the median priced home in King County is $465,000. What…

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