Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Self Employed Mortgage – Best Alternative Mortgage Option in Calgary
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Being self-employed is the dream of a lot of people these days especially if for those whose professions are reliant on their own productivity. People with all sorts of different skills ranging from carpentry to engineering seek the possibility of being self-employed.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Types of Self Employed Mortgage First let us look at the two different types of self-employment that can affect a mortgage. First is the type referred to by Revenue Canada as sole proprietors. Sole proprietors are basically someone who is working for themselves and have not incorporated a company. In this case lenders and CMHC will consider the net amount your report for income and allow a 15% increase in your income for a self-employed mortgage for the purpose of qualifying for the mortgage.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Points To Keep in Mind When Looking For Self Employed Mortgage in Calgary
What you will usually find when looking for a self-employed mortgage is that your account with Revenue Canada needs to be up to date. CMHC and lenders will not lend you money for a self-employed mortgage if you have outstanding balances with Revenue Canada.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Self Employed Mortgage Through Private Lenders in Calgary
Self-employed mortgages are also available through private lenders, they look at your income differently than regular lenders as they are more concerned that your business has a steady cash flow that will allow you to make your mortgage payments.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
THANKS FOR VISIT US !! Know More Please Click Here http://www.brokersforlife.ca/
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca