Income Weighted Average Age IWAA

What is Income weighted average age IWAA

To determine what is the combine loan tenure for the married couple.

IWAA Calculation:

A age 30 earns $7,000

B age 35 earns $4,000

( 30 x $7k ) + ( 35 x $4,000 )/ $11,000

= 32 average age

IWAA = 65 years - 32 age = 32 years

The younger age income higher than the older age can have a longer loan to tenure

 

 

 

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