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• the total income of all homeowners who sign a mortgage before any taxes or other deductions are made.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for Monthly Gross Income (MGI)

  American Psychological Association (APA)

  Monthly Gross Income (MGI). (n.d.). Making Home Affordable Glossary. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/monthly-gross-income-mgi.

  Chicago Manual of Style (CMS)

  Monthly Gross Income (MGI). www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/monthly-gross-income-mgi (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "Monthly Gross Income (MGI)." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 3 February. 2023 http://www.expertglossary.com/definition/monthly-gross-income-mgi.

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