Income-Weighted Average Age for Joint Borrowers

For joint borrowers, the present age is determined by their income-weighted average age.

The formula is as follows:

(Borrower 1’s Age * Borrower 1’s gross monthly income / (Total of Borrower 1 and 2’s gross monthly incomes)) + (Borrower 2’s Age * Borrower 2’s gross monthly income / (Total of Borrower 1 and 2’s gross monthly incomes))

Please visit the MAS website for more information.