March 16, 20263 min read
For many Canadian homebuyers, this question comes up before they are ready to make an offer. Some investment income can support a mortgage application when it is recurring, well documented and acceptable under the lender's policy.
What lenders actually look at
Here is what matters most:
- Lenders may distinguish between regular interest or dividend income and one-time capital gains.
- Tax returns, notices of assessment and investment statements can be required to establish history and continuity.
- If qualification depends on selling investments for the down payment, do not count the same assets twice without checking lender treatment.
- Market-dependent income can receive a conservative calculation rather than being accepted at the most recent high year.
Provide the full investment and tax picture so the lender can identify which income is actually usable.
Want this applied to your own numbers?
Call Phil Cragg at 866-349-4915 or request a written comparison.
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