Hi all,
Does income splitting have any effect on the loan application process?
Example, I currently split my income with my wife via distributions from a trust. Does this effect the loan calculations and the way lenders assess your loan application as opposed to having a single income earner with a dependant?
Thanks,
Does income splitting have any effect on the loan application process?
Example, I currently split my income with my wife via distributions from a trust. Does this effect the loan calculations and the way lenders assess your loan application as opposed to having a single income earner with a dependant?
Thanks,