Can rental income be used as proof of income?

Can rental income be used as proof of income?

Yes, rental income can be used as proof of income in certain situations, especially when applying for loans or mortgages. Lenders may consider rental income as part of your overall income when determining your eligibility and assessing your ability to repay. However, specific requirements and considerations may vary depending on the lender and the type of loan you’re applying for more. It’s advisable to check with your lender or financial advisor for guidance tailored to your situation.