RSU Income & Mortgage Qualification
by Steven Geri, Denny Park Investments
Working for a tech company—like Amazon—that uses Restricted Stock Units (RSUs) as compensation, can limit your ability to qualify for the home mortgage you might desire. Luckily, more mortgage providers now accept income from RSUs in their qualification calculations, but it may take some advanced planning on your part.
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For some of you, stock compensation is a big part of your current compensation package. Restricted stock unit (RSU) is probably one of the most common and widespread types of stock compensations nowadays. This week I will list six things that I think you need to know about your RSUs.
Stay Diversified From Your Employer Investments
Do you know where your money is invested? Whether you invest in your company’s retirement account or you choose your own investments what do you really own? You remember the decision you have when you need to pick from a list of funds available to you. Often you see the name of a fund and some description or performance history but you don’t really know what that fund is invested in.
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