Why Do Mortgage Lenders Need my Tax Returns?

Edited by Admin
Why Do Mortgage Lenders Need my Tax Returns?
 Why Do Mortgage Lenders need my Tax Returns?

I was wondering If I could get more information regarding this topic as I want to look into applying for a mortgage some time in the future.

Why do the majority of mortgage lenders require my tax return in order to start the approval process?

toronto mortgage solutions


By Canadalend
Hello Jonathan,
Thank you for reaching out to the Canadalend team with your question regarding the mortgage process and tax returns.
"Why mortgage lenders need tax return information" is something that is asked quite often.

The majority of mortgage lenders require tax return information if an individual would like their bonuses to be included in their salary, or if the individual is self-employed. Someone who is self-employed would have to provide a tax return as they would not have any income statements coming in from a company. 

I hope this has been helpful! Please feel free to contact Canadalend directly if you have any other mortgage related questions or if you would like to find out more about how we can help you with your mortgage needs.
toronto loan solutions
toronto mortgage solutions
Level 6 (XP: 2400)
4 years ago
in need of additional information about the mortgage solutions available through Canadalend? Contact our team of experts today or fill out an online application.
Level 6 (XP: 2400)
5 years ago
Thank you for the feedback! remember to contact the canadalend team directly to learn more about the options currently available to you
Level 4 (XP: 1150)
5 years ago
interesting, i always wondered the same thing
Level 6 (XP: 2400)
5 years ago
Visit the Canadalend website for more information about the options available to you
Level 7 (XP: 2750)
5 years ago
great question, i was wondering the same thing. thanks for sharing!
Level 6 (XP: 2400)
5 years ago
No problem, we're glad that this information was helpful to you. Remember to contact us for more details about the services we provide
Level 4 (XP: 1050)
5 years ago
I was wondering the same thing, thank you for this information


4 member reviews
    By Mark
    Thank you Canadalend for helping me with mortgage approval advice.
    so hellpful with their responses to mortgage related questions
    The Canadalend team helped me when I had no where else to turn. Thank you so much
    By Flux
    Very Helpful financing and lending information!