HOW CAN THE CHILD TAX BENEFIT HELP YOU!

Are you and your family looking to purchase your first home or upgrade to accommodate for your growing little’s? We can help by looking at your child tax credit.

Our clients know the difference between using a Browne mortgage broker vs other competitors. Our team of skilled experts has the resources to secure some of the lowest mortgage rates while obtaining your mortgage, quickly and efficiently. We will work to meet or exceed your purchase price expectations.

How can the child tax benefit help you?

Many of us are aware of the recent changes in the lending/banking industry which have made it increasingly difficult to obtain financing for a home. These new rules resulted in lessening the maximum purchase price a borrower would typically qualify for. However, we do have some good news.

The option to add your Child Tax Credit onto your income is not available through the major banks and excludes the majority of lenders, meaning – there’s a good chance you won’t find this anywhere else.

• Mr. Williams’ annual salary: $50,000

• Mrs. Williams’ annual salary: $85,000

• Mr. and Mrs. Williams’ have 3 children

• Down-payment: $150,000

• Mr. and Mrs. Williams’ are both debt-free

• Mr. Williams’ credit score: 720

• Mrs. Williams’ credit score: 650

• MAX PURCHASE PRICE: $962,000

*Based on today’s best interest rate and a 5-year fixed term

The Williams’ family when using a Browne Mortgage broker:

• Mr. Williams’ annual salary: $50,000

• Mrs. Williams’ annual salary: $85,000

• Mr. and Mrs. Williams’ have 3 children

• Down-payment: $150,000

• Mr. and Mrs. Williams’ are both debt-free

• Mr. Williams’ credit score: 720

• Mrs. Williams’ credit score: 650

• Add child tax benefit to your income of $4,500/year

• MAX PURCHASE PRICE: $992,000 – increase of $30,000

*Based on today’s best interest rate and a 5-year fixed term

Contact our team today to explore your home buying options.