Pre - Approved-Ok, I currently work a commission sales job for 1.5 years and business has been slow recently. I was pre approved on a mortgage with my wife. She is the bread winner and my income is approx. 1/4 of hers. I need to provide the last 2 months of pay stubs but they are not looking good. Can this hurt my chances of getting the mortgage? Scenario: My wife earns approx. $110k and I approx. Earn 40k but this year is a little slower and the possibility of only earning 35k is there. It is commission and wondering do they take that into consideration (that some months are better than others). The approval was for 410K with 10% down. We agreed on a price of 390k with 10% down. Does this sound like it will go through and be approved? My nerves are shot!
Added (1). The pre-approval was for 410k.
Read more: Commisions sales, WITH CO BUYER vs mortgage?
