As the tax filing deadline approaches, it’s important to remember that lenders will soon require 2024 tax returns when assessing mortgage applications.
Here are two key points to keep in mind:
- Timely Filing Matters – If you plan to apply for a mortgage before September 2025, ensure your 2024 taxes are filed on time. Delays could affect your ability to secure financing.
- Self-Employed? Plan Ahead – If you’re self-employed, now is the time to review your financials with your mortgage broker. Proper planning ensures you can maximize your qualifying income for mortgage approval.
If you have any questions or want to strategize for your mortgage application, feel free to reach out. I’m happy to help you prepare for success.
For more details, please book an appointment with Paul by clicking here.
