Self-Employed? Here Is The Easiest Way To Get A Mortgage
Broker vs. Bank / Credit / Documents / Income / Insurance / Lenders / Purchase / Qualifying / Rates & Terms / Refinance

Self-Employed? Here Is The Easiest Way To Get A Mortgage

  Getting a mortgage when you are self-employed is different than applying when you are considered to be an employee. I suggest being prepared for the process by addressing some of the items below before you start looking for financing. Keep reading for the step-by-step guide to financing for borrowers who are business-for-self; Step One: … Continue reading

Broker vs. Bank / Credit / Documents / Insurance / Lenders / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance

Self-Employed?

What to expect when getting a mortgage If you’re self-employed, be prepared for a long chat with your mortgage professional. This type of employment and the income confirmation requirements that follow differ from a borrower with traditional proof of income documents. This week, I want to outline what to expect from the mortgage process when … Continue reading

Credit / Debts / Documents / Downpayment / Income / Market Updates / Purchase / Qualifying / Rental Properties

Qualifying: Then and Now

When it comes to qualifying for a mortgage, there is a big difference from a couple of years ago and now. The recent mortgage rule changes coupled with a curve in the housing market has affected all areas of the mortgage application and I want to highlight a few key differences that are impacting approvals … Continue reading

Broker vs. Bank / Credit / Documents / Insurance / Lenders / Market Updates / Mortgage Renewal / Pre-Payment / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties

Does your mortgage need a check-up?

Rates are on the rise, more mortgage rule changes may be coming and home sales have slowed down. There are multiple reasons which may warrant an audit of your existing mortgage details. Take the quiz below to determine if you need to consult a mortgage professional about a mortgage check-up. 1.     Is your … Continue reading

Documents / Income / Mortgage Renewal / Purchase / Qualifying / Refinance / Rental Properties

Qualifying for a mortgage while you’re self-employed

There is no denying that the mortgage borrowing landscape is changing. One of the product lines that saw repeated revisions was the self-employed mortgage niche.  In the mortgage world, you are self-employed if you own a portion or all of the business you derive your income from. Self-employed status can also include contract employees who … Continue reading

Broker vs. Bank / Documents / First Time Home Buyer / Income / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Is Your Income Eligible?

Income is one of the most important components of a mortgage application as it determines how the borrower is going to repay their loan. One of the most common questions we get asked is what kind of income is eligible to be used in the qualifying calculations. Your mortgage lender will want to first confirm … Continue reading