How to Determine an Individual's Residual Income

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How to Determine an Individual's Residual Income – This is a place for the community to provide tips and advice on How to Determine an Individual's Residual Income. This topic was created by musaad mutairi and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

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Residual Income Definition | Investopedia More
Published: 9 years, 4 month(s) ago by becky marsh | permalink
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The amount of income that an individual has after all personal debts, including the mortgage, have been paid. This calculation is usually made on a monthly basis, after the monthly bills and debts are paid. Also, when a mortgage has been paid off in its entirety, the income that individual had been putting toward the mortgage becomes residual income.
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For further reading: http://www.investopedia.com/terms/r/residualincome.asp ^[1]

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What is the difference between residual income and passive income? More
Published: 9 years, 4 month(s) ago by Rusli Mahmood | permalink
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Learn how passive income helps pay the bills with little work involved. Determine how residual income affects your ability to obtain a mortgage.
Tags: economics,residual income,saving,discretionary income,household management,income tax,lending & borrowing,personal income,wm-high net worth tax strategy,wm-personal wealth & private banking

For further reading: http://www.investopedia.com/ask/answers/040615/what-difference-between-residual-income-and-passive-income.asp ^[2]

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VA Mortgage : 2014 Residual Income Guidelines For All 50 States More
Published: 9 years, 4 month(s) ago by Evelyne Menu | permalink
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Borrowers with a high DTI can get approved for a VA home loan with strong monthly residual income. Read more and get VA mortgage rates here.

For further reading: http://themortgagereports.com/11170/va-mortgage-residual-income-guidelines-for-all-50-states ^[3]

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VA Home Loan Income Standards More
Published: 9 years, 4 month(s) ago by Mike Boulter | permalink
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To qualify for a VA home loan, you must be able to afford the payment and any existing debt you currently have. Home Loan Income Standards
Tags: Home Loan Income Standards
For further reading: https://www.vahomeloancenters.org/va-home-loan-income-standards/ ^[4]

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Category: Fun | 9 years, 4 month(s) ago

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Mike Boulter, Rusli Mahmood, becky marsh, Evelyne Menu

References & Citations

1. http://www.investopedia.com/terms/r/residualincome.asp

2. http://www.investopedia.com/ask/answers/040615/what-difference-between-residual-income-and-passive-income.asp

3. http://themortgagereports.com/11170/va-mortgage-residual-income-guidelines-for-all-50-states

4. https://www.vahomeloancenters.org/va-home-loan-income-standards/