Auto loan application asks for gross income. I am 100% disabled veteran and my income is tax-free. Every time I have applied for a loan in the past, they gross my income up by 25%. Should I gross my income up for application purposes? If so, by what percentage?
@bmswork, Thanks for reaching out to us and your interest in applying for an auto loan. To better assist you with this matter, I recommend that you contact a loan originations specialist by calling 1-210-531-8722. - Ben