Gross Income Term Meaning in Real Estate - Guide

Basic pay is also called as gross income.

Kopal Cheema

7 years ago

Published Date: Apr 02, 2018

Updated Date: Mar 27, 2024

Gross income is an individual's total pay before accounting for taxes or other deductions. In the real estate space, it comes handy when calculating the debt-to-income ratio which helps assess one's credit score.

It is this credit score that every lender considers before providing a loan.

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