If your paycheck includes more than just a base salary — a year-end bonus, regular overtime, or commission — you may have more mortgage qualifying power than you realize. Variable income is usable for mortgage qualifying, but the rules around how lenders calculate it trip up a lot of buyers at the preapproval stage. Here’s what greater Seattle and Washington State buyers need to know about using bonus, overtime, and commission income when applying for a mortgage. [Read more…]