Statistics show that nearly 20% of all income earners in Canada are now self-employed (business-for-self). This is a large and growing demographic, which brings up the question, “Why is it so difficult to get a mortgage through a chartered bank if you’re self-employed?” That’s because many business-for-self owners minus expenses in lieu of extra income, something most banks will not recognize.
At Vantage Mortgages we understand your needs. Our lenders look at your credit history rather than business financials and personal tax notice of assessments. This is something most mortgage lenders won’t do.
With the Vantage Mortgage Group and our preferred lenders, you will find a product that is right for you.
Here are just some of the great products available:
Purchase a new property or refinance your existing home up to 90 % for purchases and up to 80% for refinances of its appraised value. No true income is required for this mortgage; the lender will base their approval on your credit rating rather than actual net income!
Some restrictions apply. Please fill out our easy-to-use mortgage application or contact one of our representatives today to qualify!
Please remember each application is unique and these are just some examples of the current products available to business-for-self persons. Here are a few things to remember when shopping for a mortgage:
For more information or to make an appointment to discuss your situation contact us today at 514-667-5015 or firstname.lastname@example.org