People who are self-employed may find it challenging to get mortgage financing approved, especially from the banks. Traditional lenders look for consistent, stable income for a period of time. It might seem as though people who are employed full-time find it easier to get a loan approved.
When self-employed, income may be inconsistent and fluctuating from month to month. You might have reduced your taxable income as a strategy to reduce your tax bill, however this lower income amount may result in further challenges to obtaining mortgage financing.
The more challenging your mortgage circumstances, the more important it is to use a seasoned mortgage specialist. First Canadian Mortgage Corporation's lending specialists help self-employed business owners receive mortgage financing, while meeting your short-term and long term requirements. We work with you to gain an understanding of your circumstances, then use our strong business relationships with a long list of lenders who say yes to self employed Canadians.