One of the more complicated areas clients often get confused about when applying for a mortgage is income confirmation. Income helps lenders and mortgage brokers debt service the mortgage. It is a huge aspect in any mortgage pre-approval and underwriting any mortgage file.
Clients can be salaried, commissioned, business for self, combination of salary and commissioned, have bonus income, rental income from properties, can be on maternity leave, a pensioner and much more. We went back and reviewed our files and generalized amongst many lenders to put together a comprehensive list to support our clients with income confirmation documentation.
On top of our income document checklist to help get organized when buying real estate or getting pre approved for a mortgage we list a few niche lending programs which include:
Construction financing for land acquisition and/or construction, affluent lending solutions for complex high net worth clients, net worth mortgage lending, private mortgage lending and commercial mortgage lending.
For clarity or support on applying for your next mortgage, mortgage renewal, mortgage refinance, mortgage pre approval, mortgage for purchase or anything else, email
scott@thewestlaketeam.com
