What is the standard way to report annual salary to a potential lender?

Question

Do I only disclose my base salary, or can I include things like projected bonus, overtime, etc. If I can include these things, do I include them separately (on the additional income line) or as part of the salary?

Answer 1

I would include the overtime and projected bonus on the extra line because lenders do not want to think that the extra income is something that you depend on full time. If you add it as extra, it lets them know that these things happen frequently, but you don't expect them to continue. If they know that you know they aren't part of your regular income, then you are more likely to get the loan because they will see that you have your budget in order and don't have to depend on extras to make your monthly bills.