CHILD BENEFIT INCOME 

This just happened > Child Benefit Income

Ingrid was turned down by the bank to purchase her condo as they said she did not have enough income to qualify, even though the purchase price was pretty much as low as she was prepared to go and the payments would be less than what she is currently paying in rents.

The issue was that the bank would not allow use of her Canada Child Benefit Income (CCB – previously Child Tax Income ) to qualify her. Sadly they did not tell her that there are other lenders out there that would include this income along with her full time employment income.

Ingrid was referred to us by her brother and we were able to get her the mortgage she needed by using a lender that will allow this income to qualify.

NOTE: The ability to Choose a Lender in today’s tough lending Market is key!