Not all income is seen the same way by the banks. In this episode we explain how banks view different income sources when calculating affordability.

We cover salaries, wages, overtime, commissions, shift allowances, bonuses, rental income, maintenance, and even investment income. Each bank applies its own rules and percentages, which means not all of your earnings may count in full.

We also highlight what proof you need, why consistency matters, and how a mortgage originator can help match your income to the right bank.

If you are applying for your first bond or growing a property portfolio, this guide will help you understand exactly what counts as income.

In this episode:

00:00 Introduction

00:44 Salaried Income Earner

01:42 Wage Earner

03:13 Overtime

04:20 Commissions

06:44 Shift Allowances

07:18 Investment Income

08:06 Bonuses

09:21 Maintenance (Child Support)

10:53 Rental Income

13:36 Side Hustles

#BondApplication #PropertyInvestingSA #HomeLoanTips #MortgageAdvice #SouthAfricaRealEstate

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