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Parents Who Are Self Employed Must Supply Verified Income and Form

Parents Who Are Self Employed Must Supply Verified Income and Form

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like us many of our clients are self-employed in this video we're going to talk about how a broker or lender might qualify a client who owns their own Corporation the difference between this type of client and one who is paid say a salary is the way in which we verify your income being self-employed definitely has its tax benefits it allows you to Be Your Own Boss it's a great option for many working Canadians and more Canadians are becoming self-employed every year qualifying for a mortgage is a little bit more complex for our self-employed clients we talked about in one of our other videos entitled how much can I afford three key determining factors when you're looking at how much you can afford in a mortgage one of those factors was your income versus liabilities so the question today is how does a broker determine your income when you work for yourself and own your own Corporation if you are one of these clients to prove your income in order to qualify your

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