How do mortgage companys figure your monthly income?

[Joel Fraser]

I am wondering if anyone has come across this. I am being told by Wells Fargo they take the current net pay on your paystubs and divide that over the months of the year and that is how they come with your average monthly income. They do care what you are really bringing home now. Our average take home pay now is $3700 a month and they have us at around $5000 a month. My husband gets OT in the winter for snow removal and last winter in New Hampshire was bad not your typical snow fall. They are still telling us after tweeking our finanancial worksheet that we can afford a repayment plan of $2100.