Specifically, when people receive a surplus of unexpected income, they spend that money on immediate gratification. (onefpa.org)
If you receive new unexpected income (such as a cash gift, bonus, inheritance or proceeds from a cash sale), inform your loan officer. (firstib.com)
If you receive a tax refund, small inheritance, a large bonus, or other form of unexpected income, allocate some of the funds towards your mortgage loan. (youngandfinance.com)