The income expense sheet is essential in negotiations to show the creditor our clients have the capability of making payments to the program. Accurately including income and expense helps provide a stronger negotiation and explain changes in past behavior.
This exercise also helps create a budget for the client. **Some clients have never had a budget**
If the expenses + program payment is greater than income an explanation is needed.
Example: Client has a relative move in with them to reduce rent.
Enter "Rent Income" into "Additional Income" and include a comment in the affordability section.
