When it comes to mortgage approval for your mortgage renewal, income verification is often required when you’re shopping for an interest rate.

As rates increase, not everyone qualifies for a mortgage the way they did in the past four years.

Fortunately, there are many programs that can still help you qualify for your mortgage renewal if you are not a salaried employee.

These programs include:

• Self-employed, based on your business income (in addition to your personal income).
• The high net worth alternative.
• Equity mortgages.
• Rental income.
• Seasonal income averaging.
• Hourly income averaging.

To ensure you receive the best rates when getting approved for your mortgage renewal, I am happy to advise you accordingly.

For more details, please book an appointment with Paul by clicking here.