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Resources > Glossary > Gross Monthly Income

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Gross Monthly Income

Function: noun

This figure can be used to determine maximum loan amounts and spousal support amounts.

Definition 1:
In the context of loan signing, the total amount the borrower earns per month, before any expenses are deducted.