Re: How much can I borrow based on my commission income?
Posted: Fri Jun 08, 2018 1:42 pm
Hi saibo. Welcome to the forums.
Some lenders will only use 50% of your commission income but, luckily, there are others that will use 100% of your commissions.
It all comes down to your work history and how long you've been earning commission income. If you have been in the job for:
All major loan features are available such as interest only, fixed rate, line of credit, 100% offset, redraw, and extra repayments. Some lenders may even offer professional packages and basic loan discounts.
We understand that commission remuneration is a viable source of income. If you want to learn more about commission income home loans then you can have a look at our website or you can give us a call on 1300 889 743.
Some lenders will only use 50% of your commission income but, luckily, there are others that will use 100% of your commissions.
It all comes down to your work history and how long you've been earning commission income. If you have been in the job for:
- 3 months: Some of our lenders will use 80% of your overtime income.
- 2 years: Some of our lenders will use 100% of your overtime income if it is consistent.
All major loan features are available such as interest only, fixed rate, line of credit, 100% offset, redraw, and extra repayments. Some lenders may even offer professional packages and basic loan discounts.
We understand that commission remuneration is a viable source of income. If you want to learn more about commission income home loans then you can have a look at our website or you can give us a call on 1300 889 743.