Teacher mortgage guides

How variable teaching income qualifies, and the lenders that get it.

What LTO means, how the pay works, and how a lender turns it into a mortgage.

Full salary from day one, and the employment letter that proves it.

How a return-to-work letter unlocks your full pre-leave salary.

Probation is a hurdle, not a wall. Here is how it is actually handled.

Summer EI is normal for occasional teachers, and it is not a red flag.

The most expensive habit in Canadian mortgages, and it takes minutes to avoid.

A defined-benefit pension is some of the best income a lender sees.

One table covering every status, what it needs, and where it snags.

Who gets paid in July and August, and why it does not change what a lender counts.

What OTPP deductions do, and do not do, to your approval.

Category and step, board by board figures, and how a lender uses your placement.

Real grid salaries run through the actual qualifying maths.

Why two teaching salaries buy more than twice as much.

Which side income a lender will actually use, and what it needs.

The raise is one number. The purchasing power is a different one.

The employment letter, T4s, and the line that letter must include.

The one document that delays more teacher files than anything else.

FHSA, HBP, and Ontario land transfer tax refunds, stacked for a teacher's cash flow.

The rate decision is scheduled, not made. Here is what a variable rate, a renewal and the stress test actually respond to, and what stays fixed in a teacher file.

You have a September start on the grid. Here is when a lender reads that salary, what the board letter must say, and how to line up a pre-approval before the first pay stub lands.

You signed a contract and start on the grid in September. Here is when a lender treats that salary as income, what the board letter has to state, and what a starting salary qualifies for.

You sign in the spring, you start in September, and the money starts later. A lender does not wait for the first pay to read your income. Here is what the contract does, what the board letter must say, and the order to work in during August and September.