Income Gross-Up for Mortgage Qualification in Canada

Contact Marko Gelo, he's a Mortgage Broker! 604-800-9593 cell/text Vancouver 403-606-3751 cell/text Calgary Call Marko via WhatsApp homefinancingsolutions.ca Most borrowers don't realize that certain types of non-taxable income — like disability payments, workers' compensation, or self-employed write-offs — can be increased by up to 35% when calculating what you qualify for on a mortgage. This one adjustment can add $50,000 or more in borrowing power to a file, yet it gets overlooked all the time. In my latest blog, I break down exactly which income sources qualify for a gross-up, how the math works, and what the real-world dollar impact looks like. If you or someone you know is self-employed or receiving non-taxable income, this episode is worth a listen. CLICK HERE to be redirected to the blog version of this episode. CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel CLICK HERE to download Marko's award-winning Mobile Mortgage App! Hosted on Acast. See acast.com/privacy for more information.