Need advice- Stay CPM or move to salary?

In your shoes trying to buy a house I'd prob opt for the 1225 salary. I personally hate sitting and giving up my time, like you know that happens a lot at big grocery DC's

 

Yeah some weeks on salary that you run hard you'll be making a tad less but lots of weeks you won't hit that with mileage pay

 

Lenders will like the salary over mileage pay. If I were in your shoes I’d sit down and figure out your average pay over the last 5 months. You may not be giving up as much as you think.

 

It comes down to you as a worker. With some people they can always work hard each and everyday to strive for more money so their mindset is work harder for more and they fit into the cpm category. The other type of person just works to get by and doesn't care on making more just enough so they enjoy salaries. Since you want to purchase a home you're probably looking towards earning more money. Just my 2 cents.!

 

Yes, for most banks salaries regarding mortgages is what they looks at (Base Annual Pay/Salaries) I just purchased a 2nd home last year and even though o made $88k they looked at my Base pay for the year of $80k (which I thought was not fair considering I've always strive to earn 5% more Annually for the last 5 years and did accomplish it). However, IMO I work Locally & Regionally and paid hourly. Back in the days whiles driving OTR I was able to hustle more mileage and more P&D's so it was worth my while to stay non salary and just cpm.

 

So over the last five months you've made somewhere between $23,400 (1200*4*5-600) and $26,800 (1400*4*5-1200). We will just keep everything nice and round, and assume there were four weeks per month.

If you went salary, your income over that same period would be $25,500 (1275*4*5) assuming you earned the safety bonus. That salary is either $2,200 more than your current minimum, or $1,300 less than your current maximum.

Chances are, you would stand to gain from this. And you would also be a lot less stressed.

 

The company isn't doing this out of the goodness of their hearts, so...
How will the runs be split up? Will the CPM guys start getting the short runs with long delays? From a pure business sense that's the best way to go as they will be able to pay the drivers less. From a driver retention sense, well the companies that care are few and far between.

Also how will they handle if you need a couple short days? Not everyone can run 70 / wk and not burn out. Sometimes a short 300 mile day is in order just to let yourself relax. I'd definitely look hard at the salary option but find out how many hours vs. how many hours you already put it.

 

salary will take the anxiety out of the paycheck worries.

when buying a house and having a steady income to show the bank will help, also.