Mortgage Minutes: Qualifying Income Overview Series: W2 Income (Part 1)

What is W2 income? Simply put it’s income earned by working for a business you don’t own (and at the end of the year or earnings and deductions are reported to you on IRS Form W2). Tons of income types fall into the Wage Earner or W2 category and this video, part 1 of 2, will cover some of the most common ones. I’ll also be addressing some of the most common calculations. If you’re a wage earner and I don’t address your earning type here reach out and let me know and we can see how that income translates to qualifying income.