The money that you have left from your salary after taxes are taken out and you pay your regular monthly bills
A high disposable income is a plus since lenders will feel more comfortable that you can pay your monthly mortgage payments with ease. A high disposable income can also allow you to save money towards the down payment. Normally, a lender looks at your disposable income when you apply for a VA loan, and sometimesa FHA loan.
Disposable income is also referred to as residual income.
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