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Showing posts from May, 2018

Did you know that you can use Child Tax Credit income?

Are you having a hard time finding a house within your pre-approved price range?  Did you know that qualified borrowers with good credit can use Child Tax Credit income for qualifying? Here is a sample scenario: Husband makes $60k and wife makes $35k a year and they have 2 small children. This would give them a benefit amount of $7862 a year.  By using the extra income from their Child Tax Benefit, they would qualify for an extra $37,500 in purchase price! Most lenders will not accept this type of income, however we have several great lenders (with low rates and flexible mortgage terms) who will!  For more information on this product or for any mortgage related questions, feel free to contact me today! www.christinebuemann.ca