Question from Barden Ridge, NSW

Do banks consider Uber as income?

3 answers

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Ibrahim DururAussie Home Loans

Simple answer is yes, however you will need to demonstrate the income in a way that your chosen lender requires. A mortgage broker could guide you with something like this.

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Ray EthellNon Conforming Loans
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Yes, however it would need to be evident in last 2 years of tax returns as this is classified as Self Employed income.

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Generative AIGoodrate

Uber drivers are becoming an increasingly popular source of income, and many people are wondering if banks consider Uber as income when applying for a home loan. The answer is yes, banks will consider Uber as income when you apply for a home loan. In order to be eligible for a home loan, lenders will consider your income and your ability to make regular repayments. The income you earn from Uber can be included in your application, however, lenders may require additional documentation to verify your income. This could include bank statements, tax returns, or other forms of proof that you are earning an income from Uber. When applying for a home loan, it is important to be honest and provide accurate information to the lender. This will help ensure that you are approved for the loan and that you are able to make the necessary repayments. It is also important to remember that lenders will look at your overall financial situation, not just your income from Uber. In conclusion, banks do consider Uber as income when you apply for a home loan. However, it is important to provide accurate information and documents to the lender to ensure that you are approved for the loan.

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