Self Employed Mortgage Approvals
We Approve all Situations, Even the Tough Deals!
Self Employed Mortgage Approvals for;
*10% Down Payment for Home Purchase
*Issues with Income or Low Income Reported
*Bad Credit or Issues with Income
*In Business for 2 Years or Less
*Too Much Debt
*And all other Self Employed Mortgage Situations
Did you know there are over 2.75 million Canadians who are Self Employed and have a higher median net worth than paid employees?
Being Self Employed is great, you get to be your own boss, you can work as long as you want, and you can make lots money doing what you love. But there is one small problem, actually one Big One. Generally, Self Employed individuals have a difficult time getting approved for a Mortgage from the Banks.
We understand that being Self Employed can have its challenges when it comes to showing or declaring income, especially for New and Existing Business Owners. Although there are some advantages to being in business for yourself, including having the ability to write off many expenses and pay less taxes.
There is also a downside, which is by declaring and showing less income can harm you when qualifying for a mortgage as you may not meet the Income requirements set out by your Bank.
It’s no Secret that Banks make it tough on Self Employed Clients to get their Mortgage Approved, for many different reasons as Self Employed Clients are not treated fairly by the Banks and their Rules and Regulations when it comes to their Mortgage Financing.
Not to Worry, we are here to Help, we have access to many of Top Lenders in the Mortgage Industry who understand and appreciate the Value of Self Employed Clients bring to the table and offer Great Products and Rates. Our Experience in the Dealing with Self Employed Clients allow us to Understand the real Problems and Concerns they have involving their Mortgage Financing.
Just because you are Self Employed and the Bank has declined your Mortgage Application doesn’t mean you can’t be approved for a Mortgage.
Our Team has Helped many Clients with their Self Employed Mortgage including:
*Convince Store Owners
*Low Income on Line 150
*Real Estate Agents
and Many other Self Employed Professionals, Our Team has been able to help get our Clients get their Self Employed Mortgage Approved.
We understand that being Self Employed can be challenging at times, you work long hours, you sacrifice personal time to work on your business, you put in a lot of money into your business and sometimes it doesn’t work out as you planned. We completely understand. Sometimes the situation can get the best of you and make things difficult. We are here to help. We Make your Mortgage Approval Quick and Easy.
We understand there are many reasons why as a Self Employed individual may have had difficulty with your Mortgage. But we have Experience in getting Self Employed Mortgage Approvals for Clients just like yourself, for any situation including;
*HELOC – Home Equity Line of Credit
*Home Equity Loan
*Issues with Income
*Are an Investor
*Commission Based Pay
*Own a Business or Business for Self
*Numbered Company or Incorporated Company
*Not Registered Company
*Cannot Declare Income
*Don’t Have Business Bank Account
*Don’t have all Business Documents
*Make Cash Income
*Have not Filed Taxes for the Business or Personal
Going through a Divorce
*Want to purchase Property in the name of the Business
*Business has been running for less than 2 Years
*Business is not showing Profit
*Business is Losing Money
How much of a Minimum Down Payment do I need when Purchasing a Home?
You will need a Minimum of 10% Down Payment when Purchasing a Home Price of up to $1, 000 000 and a Minimum of 20% Down Payment when Purchasing a Home Price of over $1, 000,000.
How much Down Payment will I need if I don’t have Strong Income Qualifications?
If you are Purchasing a Home and don’t have strong Income Qualification and you wish not to use your Income to Qualify, then you will need to require a 35% Down Payment.
What if I work a contact position can I still get my Mortgage Approved?
Yes, we can get your Mortgage Approved even if you are working on a Contract position Even if your Contract is renewable or not, we can still Help get your Mortgage Approved.
How much of a Minimum Down Payment do I need when Purchasing a Home with Bad Credit?
You will need a Minimum of 20% Down Payment when Purchasing a Home Price of up to $1, 000,000 or and above.
What if my Business or Income shows a Loss or Low amount of Income for 1 Year, Can I still get my Mortgage Approved?
Yes, we can still get your Mortgage Approved even if your Business or Income shows a Loss or Low amount of Income for 1 Year. We have many Self Employed Mortgage options available and our Team will Help get your Mortgage Approved.
What if I have new business can I still get my Mortgage Approved?
Yes, we can still get your Mortgage Approved even if you have a new Business. We have many Self Employed Mortgage options available and our Team will Help get your Mortgage Approved.
What if my Business or I have been Self Employed for Less than 2 Years old, Can I still get my Mortgage Approved?
Yes, we can still get your Mortgage Approved even if your Business or have been Self Employed for then Less than 2 Years old. We have many Self Employed Mortgage options available and our Team will Help get your Mortgage Approved.
What if I owe Taxes, Can I still get my Mortgage Approved?
Yes, we can get your Mortgage Approved even if you owe Taxes. We have many Self Employed Mortgage options available and our Team will Help get your Mortgage Approved.
My Team and I have over 50 Years of Experience in Approving Mortgages and we are able to get you Approved even if you are Self Employed. We have many programs and products for Self Employed individuals that make it easy for you to get your Mortgage Approved for a Purchase or Refinance.