Jan
19
How to go about getting a mortgage if your a server?
ByHey,
I’d like to buy a house one day, and I am a full time waitress. I love my job, but trying to get a loan, let alone a mortgage seems nearly impossible. The bank looks at my pay stub, and sees that I make minimum wage. I am wondering if anyone has any advice, or knows how to go about preparing to get a mortgage when it looks like (on paper) I make very little money?
Tips are not recorded on the pay stub, and I claim tips as extra income on my taxes.
1 Comments
January 19th, 2010 at 22:48
Hey,
You should complete a financial review with a financial planner to accurately see your capabilities on paper. There are usually a lot of ways one can work around your income to afford a mortgage, but a complete review of your current situation taking into account your goals and concerns….is a must in order to accurately determine where you are now/opposed to where you want to be in the future (ie. purchasing a home)
If you are in Toronto or around the GTA I could do this with you, at no cost obviously.
I am a financial planner with Investors Group and I would be glad to sit down with you to analyze your situation and try to come up with a plan to get you there. It can be done. I have clients who have had the same questions.
Please let me know.
wes.boag@investorsgroup.com
or
(416)491-7400, ext 681
Take care
Wes