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Real Estate Glossary

gross income

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Written by Luis Escobar

This refers to the income of a borrower before expenses and taxes are deducted. For households, gross income is the sum of all profits, salaries, wages, rents, interest payments, and other forms of earnings before taxes and expenses are deducted.

This refers to the income of a borrower before expenses and taxes are deducted. For households, gross income is the sum of all profits, salaries, wages, rents, interest payments, and other forms of earnings before taxes and expenses are deducted.

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Luis Escobar

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