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Can I use stocks as income?

by thomasj442 from Sparks, Nevada. Mar 10th 2021 Reply


Hello, it really depends on whether or not you have used this type of income in the past and have a history with that type of income. It's a case-by-case basis obviously, and depends on the circumstance. I know that's very vague, but we would have to see something a little more concrete before we gave you a definite answer.

Mar 10th 2021
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,300 contributions

Short answer is NO. Stocks are an asset, not income. If you are a trader and you make a living trading, then the gains would typically be average over a two-year time frame. If this doesn't fully answer your question, please provide additional clarity and I can enhance the answer. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.

Mar 10th 2021
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Greg Bleyl (GregBl)
#59 ranked lender in Ohio - 22 contributions

Are you able to start drawing from your brokerage accounts 30 days prior to first due date of your new loan payment? Feel free to reach out text or call at 216-496-0211.

Mar 23rd 2021
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