Sentences with phrase «over-year decrease in income»

Prepare to explain any significant year - over-year decrease in income when you apply for a mortgage as a self - employed borrower.

Not exact matches

Decreases in self - employment income year - over-year can be a major red flag, and lenders will often want a written explanation for the drop, not to mention confidence that you can make those mortgage payments.

In the first fiscal quarter of 2015, (April - June), Lenovo posted just three percent revenue growth year - over-year, but reported a pre-tax income decrease of 80 % and net income down 51 % year - on - year.