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Does a lender or broker have to consider my part-time or retirement income?

A creditor such as a lender or broker cannot discount or refuse to consider your (or your spouse’s) income because it comes from part-time employment.

A lender or broker also cannot discount or refuse to consider income that is an annuity, pension, or other retirement benefit. Like all other forms of income, however, a lender or broker can consider the amount of the income and likelihood that it will continue.

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