INCOME & PURCHASING POWER

INCOME & PURCHASING POWER!

Income that the banks use to qualify you to buy a home is generally based on taxed income. If you have a job with bonus or commission the bank will use a two year average of line 150 on your Notice of Assessment from Revenue Canada. There are a lots of exceptions to this general rule so before you write and offer - check with a mortgage professional. Also keep in mind, buying power is directly related to credit history and other debt obligations.

As a local Airdrie Realtor, I have access to several Mortgage Professionals who would be willing to sit down and go over the possibilites of buying a home.

There is no cost, and it doesn't take too long either.

Getting this done prior to looking for a home, makes every ones job easier - and less stressful for YOU.