Knowledge centre
Possibly. Being on maternity or parental leave is not an automatic mortgage decline. The lender will decide whether to use your current leave income, your confirmed return-to-work income, or a more cautious amount after reviewing the leave dates, employer letter, benefit evidence and expected return.
Yes. A preapproval or commitment does not prevent the lender or mortgage insurer from asking for updated documents or re-verifying employment before funding. The file may not always be re-checked, but you should plan as if a material change will be discovered.
It may be usable, but temporary and long-term benefits are not treated the same. The lender will usually examine the benefit source, amount, taxable status, review conditions and expected continuation before deciding what income can support the mortgage.
Often yes, when the pension income is current, documented and expected to continue. The lender will still check the type of benefit, gross amount, taxes, debts and whether the proposed mortgage payment works on the borrower’s retirement cash flow.
Expect to provide the signed separation agreement or court order and a bank trail showing what was actually paid or received. Depending on the lender, you may also need proof of arrears status, enforcement records and confirmation of how long the payments continue.
It can affect either side of the mortgage calculation. Documented support received may be considered income under some lender policies, while support you must pay is normally treated as an ongoing obligation. The court order or written agreement and proof of payment matter more than a verbal arrangement.
Yes, some lenders will combine both jobs when the hours and earnings are stable and sustainable. The important issue is not the number of employers; it is whether the lender can verify the income, history and likelihood that both jobs will continue.
Sometimes. Two years is a common way to show that variable income is stable, but it is not a universal statute. A lender may use a shorter documented history when the income is consistent and well supported, or it may use only guaranteed base pay.
No universal Canadian rule automatically declines every borrower on probation. It is a lender-risk decision. The answer depends on the job change, industry continuity, guaranteed income, employment history, strength of the file and whether an insurer is involved.
Some lenders may, but it is not automatic. A clear employer letter confirming your position, guaranteed salary or hours and return date can support the request, while the lender or mortgage insurer still decides whether that future income is acceptable for the file.