Help for those working outside the box
Advances in technology have paved the way for an increasing number of people to work for themselves. According to Statistics Canada, there were 2.8 million self-employed workers across Canada in 2016. While there are many benefits to being self-employed, a major downside is the inability to provide traditional income verification, making it difficult to get a mortgage approved through the chartered banks. In addition, regulatory changes have made it harder than ever for self-employed workers to qualify for a home mortgage through a bank.
The good news is that self-employed individuals can still get a mortgage at excellent terms for their primary residence or income properties by leveraging our expertise and network of self-employed friendly lenders.
Approvals are based mainly on having at least a fair to good credit rating rather than income. Now you can buy or refinance up to 90% of the property’s appraised value through our self-employed friendly lenders.
Self-employed individuals can still get mortgages with excellent terms. Let our team of mortgage professionals help you get into the right mortgage with the best rates.