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What else can I help you with?
Does a 401k loan count as income?
No, a 401(k) loan does not count as income because it is a loan that you must pay back, not money that you have earned.
If you don't have a job can you get a car loan?
If you can not prove to the loan officer that you have a stable source of income don't count on getting the loan.
Does a 401k loan count against my debt to income ratio?
Yes, a 401k loan typically counts as debt in your debt-to-income ratio calculation.
Does a HELOC count as income for tax purposes?
A Home Equity Line of Credit (HELOC) does not count as income for tax purposes. It is considered a loan and not taxable income when you receive funds from it.
Can you use federal financial aid as a source of income for a loan?
No, that is getting a loan with a loan. If anything it will count against your credit worthiness.
Does a 401k loan count as income?
No, a 401(k) loan does not count as income because it is a loan that you must pay back, not money that you have earned.
If you don't have a job can you get a car loan?
If you can not prove to the loan officer that you have a stable source of income don't count on getting the loan.
Does a 401k loan count against my debt to income ratio?
Yes, a 401k loan typically counts as debt in your debt-to-income ratio calculation.
Does a HELOC count as income for tax purposes?
A Home Equity Line of Credit (HELOC) does not count as income for tax purposes. It is considered a loan and not taxable income when you receive funds from it.
Can you use federal financial aid as a source of income for a loan?
No, that is getting a loan with a loan. If anything it will count against your credit worthiness.
Does a 401k loan count against the debt to income ratio for a conventional loan?
Yes, a 401k loan typically counts against the debt-to-income ratio for a conventional loan because it is considered a liability that affects your ability to repay the loan.
Does medicaid count grants or loan for school as income?
Medicaid in NY considers any loan/grant money that goes towards living expenses (beyond tuition) to be income for graduate students. Loan money is not considered income for undergraduates.
Does a 401k loan count against my debt-to-income ratio (DTI)?
Yes, a 401k loan does count against your debt-to-income ratio (DTI) because it is considered a debt that you are obligated to repay. This can impact your ability to qualify for other loans or credit.
Does you parents income count if you are 18yrs old for a student loan?
It depends if you claim yourself for taxes or not. You should chech with your guidance counseler.
As co-borrowers do both credit scores count?
not always, in most cases whoever makes the most income is the primary borrower on the loan and the co-borrower is usually there for extra income and not their credit score.
Does rental income count against ss income limits?
does rental income count against ss income limits
What is a state income mortgage loan?
A stated income mortgage loan is a loan where a borriwer is not required to verify there income. These loans were very popular and common before the recent mortgage crisis.
