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Dom Mortgage Contractor Acceptance C AFG360!  Form

Dom Mortgage Contractor Acceptance C AFG360! Form

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Video instructions and help with filling out and completing dom Mortgage Contractor Acceptance C AFG360! Form

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Instructions and help about dom Mortgage Contractor Acceptance C AFG360!

If you are an independent contractor and looking to apply for a mortgage, then this video is for you. Today, I'm going to share four tips to help you prepare for your mortgage application to give you a successful approval and the maximum mortgage qualification. So number one, it's all about consistency. The lender is going to want to see that you have been employed or working as an independent contractor in the same industry, in the same role, for at least two years. The second tip is to have your T1 Generals ready. The lender will ask us to provide two years of your two most recent T1 Generals, with a specific focus on your statement of business activities, which is going to show the amount of income that you earned minus your write offs. And then the focus will be on the net number that you pay your income taxes on personally. The third tip is to be prepared to show your income taxes are paid and up to date. We rely on the notice of assessment to do this, and the lender is going to b

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