Consumers Digest

when applying for a home improvement loan what counts as income?

when a person get va disability and gets social security should this be counted as income

Public Comments

1. Yes, as long as you have documentation of that income.
2. The home improvement loan provides many benefits. For example, when one takes a home improvement loan to upgrade a home and to get it in the shape, one can take a tax deduction. http://www.worldbestloans.com/ Store card interest rates can be as high as 25-30%. Credit cards offer rates of around 15-18%. So these borrowings must be planned with proper care. Personal loans can be another option if it is difficult to plan credit card borrowings.
3. Any source of revenue that you can document will be considered by a lender as income. If you can't document it, lenders will be hesistant to count it as income - because they'll have no way to verify it other than your word. In today's market, lenders are erring on the side of caution toward stringent documentation and verification.
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