Self-Employed Mortgage
Mortgage Solutions for Self-Employed Individuals
With each passing year, more and more homeowners are becoming self-employed in Canada. Many of them work from home, run shops, own a construction or landscaping business, etc. Most of this self-employed population does not have enough information about how self-employment affects their credit and mortgage application.
At Mortgage Architects, we offer you the best lending solutions that do not need traditional lenders’ income validation. We have close connections with a vast number of lenders and provide you with various mortgage products that consider your business income and credit history instead of personal taxable income. You may think that your situation limits your mortgage options, but you can get some of the most competitive rates in applicable cases.
You have so many options. Let's discuss them today.
Features of the Sagen’s Program
- Available for both new purchasing and refinancing
- Gives you the best mortgage rates
- You can get up to 90% financing on the purchase
- Unlike standard premiums, the insurance premium rates are slightly higher
To take advantage of this program, you only need to prove the following:
- Credit history with no bankruptcies or foreclosures or credit counselling. No late or minimal payments during the last 12 months.
- We review your work history and for how long you have been self-employed. You should be self-employed for at least 2 years.
- You should use your own savings and provable income to make at least 5% of mortgage down payment without borrowing.
- You need to provide proof that you owe no income taxes.
If you fulfill these requirements, we get you the best rates in the market through our mortgage solutions.
Offering Competitive Mortgage Solutions to Suit Your Needs
Mortgage Architects
Head Office
5675 Whittle Road,
Mississauga, ON L4Z 3P8
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