Call Marg: 705-446-1762

If you plan to buy a property and will require a mortgage, here is one thing that can trip you up:  not having your income tax filings up-to-date.

Mortgage lenders will generally not approve financing anymore without current confirmation that income taxes are paid and returns have been filed.

This is a particularly challenging issue for people who are self-employed as the lender will undoubtedly ask for a notice of assessment from the past year.

So the message here is, please DO YOUR TAXES if you want to qualify for a mortgage.

(And while we are talking about taxes, consider making an RRSP contribution if you can so maybe you can get a nice return with some extra money for a downpayment.  But that’s another story…)

Monthly E-Newsletter

Marg Scheben-Edey

Real Estate Broker
Market Value Appraiser - Residential
Accredited Green Broker™
(designated by the National Association of Green Agents & Brokers)

RE/MAX four seasons
realty limited, Brokerage
Each Office Independently Owned & Operated
67 First Street, Collingwood L9Y 1A2

Contact Marg

 Direct: 705-446-1762

Prefer Text? 705-446-5066

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