Can Gig Income(Uber,Lyft,Skip etc) Be Used For Mortgage Qualification?
🤝💰 Are you one of the 8.75 million Canadians working in the gig economy? 🇨🇦🚘🍔
If you're working as an Uber or Lyft driver, delivering food through Skip or any other gig job, you might be wondering if your income can help you secure a mortgage. 🏡🤔
While most mortgage lenders prefer to see a history of consistent income and good credit scores, gig work doesn't always provide that stability. But don't worry, it's not impossible! 💪🏼💸
If you can document your gig income on your tax return and display some level of consistency, lenders may consider it in your affordability assessment. Keep in mind that lenders generally want to see two years of income documents. 📝💼
Don't let the challenges of gig work hold you back from achieving your dream of homeownership. Talk to me or another licensed mortgage agent today to explore your options! 💬👩💼👨💼
Disclaimer: Please be aware that the information provided in my content is intended for educational purposes only and should not be relied upon as legal, tax, investment, financial, immigration, real estate or other advice. It is not intended to be a substitute for professional advice. Please seek the advice of a qualified professional before taking any action based on the information provided in my content.
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