Self-Employed Mortgage Checklist:
Easy Tips for Success
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Step1:OrganizeYourFinancial Documents
Gather proof of income, tax returns, and bank statements.
Essential for securing a self-employed mortgage in Ontario, Canada.
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A higher credit score boosts your chances for a self-employed mortgage. Step2:ImproveYourCredit Score
Pay off debts and ensure timely payments.
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Aim for at least 20% down.
A larger down payment can make the approval process smoother.
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Step4:ConsultaMortgage Broker
Get professional advice tailored for selfemployed individuals.
A broker can help you find the best selfemployed mortgage options in Ontario.
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Step5:BeReadyforaLonger ApprovalProcess
Self-employed mortgages often take longer to process.
Patience and preparation are key.
