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What You Need to Know about Mortgages for Self-Employed Canadians

Wednesday, October 19, 2016 4:26
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(Before It's News)

Self-employed Canadians can count on getting a commercial mortgage or residential mortgage in Toronto based on the strength of their credit scores. They can also increase their chances of getting a mortgage with bad credit by reducing debt and having a larger down payment.

If you’re self-employed and have good credit, it can be difficult to get mortgage loans if you can’t verify a steady income. Gone are the days of needing a credit score of 680 or higher to get a mortgage, even if you were self-employed.

If you are interested in finding out what kind of mortgage you qualify for as a self-employed individual, contact our mortgage lenders or specialists to help to tackle the situation.

For more information on mortgage for self-employed Canadians, please read:

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