SOLUTIONS FOR THE SELF EMPLOYED

Streamlining the Home Financing Process for Self-Employed Borrowers

Are you self-employed and finding it difficult to arrange competitively priced mortgage financing? Thankfully, certain lenders have designed mortgage products for this very attractive market segment. Naturally, the lender will need to assess risk, but the criteria is tailor made for the self-employed. You could qualify for your mortgage based simply on what you state your income to be, your own good credit and employment history. It can be that quick, that easy!

Our "Self-Employed Mortgage" enables clients with good credit history and who have been in business for two years or more to borrow up to 85% of the appraised value of their home if refinancing, and 90% if purchasing a new home. You will, however have to show that your income tax has been filed and that no money is owed to Revenue Canada in most cases. The lender will require documentation confirming self employment for a minimum of 2 years. If you have been self employed for more than 3 years you are not eligible for this program. You must be qualified under standard income conformation guidelines.

You have a large down payment but your accountant works hard to minimize your income tax! You may qualify for one of our equity mortgages. The lender will take a common sense approach to the definition of income. You could qualify on what you state your income to be, your own good credit history and your employment history. It is important to note that in most cases the lender is looking for a minimum of 2 years history of self employment income.

A "Self-Employed Mortgage" now means you'll receive competitive mortgage rates for all your needs:

• Purchasing a Home
• Renovate or do home improvements
• Lower monthly payments through debt consolidation
• Finance your other personal needs

Whether you need to borrow a little or a lot, check out your options and get a mortgage that YOU deserve!