When applying for a home loan, lenders consider your gross total monthly income, which represents the combined earnings of all contributing members in your household. This income helps them assess your ability to afford the monthly amortization. Here's what counts towards your gross total monthly income:

• Salaries: All earnings from full-time, part-time, or contract work of every working adult in your household.

• Passive income: Regular earnings from investments, such as dividends, rental income from properties you own, and profits from your businesses.

• Other regular income: Any reliable and consistent income sources not already mentioned, such as pensions, annuities, or social security benefits.

Note: Usually the gross total monthly income for home loans includes the combined income of a borrower and their spouse. However, if you have co-borrowers (individuals jointly applying for the loan other than a spouse), their income will also be considered in calculating the gross total household income.