Finance
Which of the following types of income would a lender MOST likely accept when qualifying an Alaska buyer for a mortgage?
AAnticipated bonus income not yet received
BCommission income with a 2-year documented history✓ Correct
CProjected rental income from a property not yet purchased
DVerbal assurances from an employer of a raise
Explanation
Lenders require documented, verifiable income. Commission income is accepted when the borrower can demonstrate a consistent 2-year history of earning that income.
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