Skip to main content

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

By
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 

Labels:
Location: 1338 Central St E, Prince George, BC V2M 3C1, Canada

Comments

Post a Comment

Popular posts from this blog

Who is Computershare and why are they registered on title?

By
If you are using a non-bank lender for your mortgage, you may notice that your mortgage has been registered in the name of “Computershare Trust Company of Canada”. This registration does not affect the terms and conditions of your mortgage in any way. Computershare holds no beneficial interest or rights to the mortgage loan. This is merely a third party, custodial arrangement which means that your lender has used Computershare to review the mortgage and provide custodial certification to Canada Mortgage and Housing Corp (CMHC) for their government securities program. Computershare is the largest provider globally of many of the services they offer and the largest corporate trust service provider in Canada. They have successfully provided this custodial service to many Canadian bank and non-bank lenders for many years and they play a very important role in the Government of Canada’s NHA Mortgage-Backed Securities Program. Computershare has served as the exclusive Central Payor and Tr
28 comments
Read more

Did you know that we can refinance up to 95% in order to remove someone from title?

By
Did you know that we can refinance up to 95% in order to remove someone from title?  Not only are we seeing more separations than ever, we are also seeing more co-signing required from family. This means that we needed a simple and useful too for removing one person from title, without being limited to the 80% refinance rule . Here is what you will need: A purchase agreement confirming the current value Current mortgage statement A legally binding agreement by the two parties detailing the buyout For more information on this or if you have any questions or concerns - please feel free to contact me. www.christinebuemann.ca 
13 comments
Read more