Danny Bell
Mortgage Broker - M13001996
Tel: 905-426-4200 | Cell: 289-200-9061 | Fax: 905-426-4201
1. Full-Time Permanent:
Verified by an employment letter and pay stub showing guaranteed salary or hourly pay.
2. Part-Time Permanent:
Similar to full-time, confirmed with an employment letter and pay stub.
3. Part-Time Casual:
Utilize a 2-year average of the most recent T4/Notice of Assessment.
4. Seasonal:
Same as Part-Time Casual, relying on a 2-year average of the most recent T4/Notice of Assessment.
5. Commission/Bonus Income:
Assess with a 2-year average of the most current T4/Notice of Assessment.
Additionally, salary or hourly pay can complement commission/bonuses.
6. Self-Employed (Sole Proprietor):
Qualification involves a 2-year average of the most current Notice of Assessment.
7. Self-Employed (Incorporated):
A 2-year average of the most recent T4/T5 is considered for approval.
Understanding these criteria helps you navigate the mortgage qualification process.
Whether you are first-time buyer or an experienced buyer with excellent credit, The Mortgage Centre has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Learn MoreThrough training and certification, we have a good understanding of available products, features, and rates. We are here to keep your mortgage moving forward with our Mortgage Market technology, we have electronic access to various major lenders in Canada, so you’re not tied to one lender or one type of mortgage.
Learn MoreWe understand that mortgages can be confusing and intimidating. To help demystify the process, The Mortgage Centre provides a glossary and a variety of free calculators to assist you in researching, and planning your mortgage.
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