Posted On Apr 30, 2024

Income types come in many forms, but not all are created equally, particularly when it comes to mortgage applications. 
 
Certain income types require a thorough assessment based on a 2 year average. Let's explore these income structures!
 
Seasonal income = 2 yr avg needed
100% commission income = 2 yr avg needed
Income/hours not guaranteed = 2 yr avg needed
Overtime income = 2 yr avg needed
Self-employed income = 2 yr avg needed
Investment (RRSP, RIF, Stocks) income = 2 yr avg needed
 
Disclaimer: This is a general rule. Exceptions apply.
 
Let's discuss your unique situation!
 

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