Alex Lavender: What are the different types of income?

Different types of income? What are they? Alex Lavender of Clinton Wilkins Mortgage Team explains.

Don’t feel like watching? Check out the video transcript below.

Transcript:

The easiest way for you to qualify for a mortgage is being paid salary, or having guaranteed hours. Being self-employed can be one of the most difficult incomes to use to qualify for a mortgage, but it’s by no means impossible. As a mortgage broker, we try and extract as much value as possible from your income so we can ensure that you qualify for the highest mortgage amount possible. All lenders are different in their own unique way. I mean some accept Child Tax Benefit, spousal support payments, and even EI. We can accept CPP, OAS, or pension payments as well. No matter what your income is, there’s an option available for you.

If you have any questions about any of that, please don’t hesitate to give me a call.

Have any more questions, feel free to get in touch with Alex here!