Self Employed Mortgages
These days, more and more Canadians are becoming self-employed, on contract or have untraditional sources of income and are having trouble getting approved for a mortgage through one of the big banks or trust companies. If this is you, you are not alone.
There are advantages to being an entrepreneur – there’s more independence, you earn more money, and you get to make your own schedule. It’s a different story if you want to get a mortgage to buy your dream home. This has become frustrating to those borrowers because they may have a real estate deal pending a financing condition and the banks are saying “no” because of their lending guidelines. Our lending partners have a more common sense approach to lending and recognize that not everybody works a traditional full time job.
