Jeff Di Lorenzo
Mortgage Specialist
Cell : (778) 839 3963
Email:
Jeff@yourequity.ca
 TMG The Mortgage Group Canada inc.
&
The Mortgage Group Alberta LTD.
Link Exchange
Email us With your Link Information
|
Self Employed Mortgage Vancouver BC Canada
Canadain Self Employed Mortgages enable the client to qualify for a mortgage based on income that they can and can’t always provide in the traditional manner. Lenders for Self Employed Mortgages have innovative products allowing you to obtain a high level of your home equity to help with debt consolidation, home renovation, vacations, Business Capital, automobile purchase or whatever reason you need money for. They have flexible terms that may suit your needs. Call your Vancouver BC Mortgage Broker to discuss your mortgage options and find out about Today's Mortgage Rates.
So here are some of the basic requirements under the recent changes.
1. To qualify for a mortgage as a self employed individual, you will have to provide proof that you have been in business for at least the last two years. Proof can be in the form of a business license, GST filing, etc. Anything that will prove you’ve been in business for the last two years will do.online application
2. Depending on the LTV (loan to value ratio) of the self employed mortgage, you will also be required to provide your NOA (Notice of Assessment) or T1 General proving that you are current and up to date with Revenue Canada.online application
3. If the mortgage is for a new home purchase, you will be required to provide proof of your down payment. The down payment cannot be borrowed or a gift.online application
|
| |
|
|
