Opening doors, not building walls
 July 12 2016     Posted by

Opening doors, not building walls

We like to open doors… not build walls. If you’re self-employed, you may have already experienced “the wall”.  There are new mortgage rules that have made it more difficult to qualify for a mortgage at the major banks. We can help; with professional advice that includes the following five important tips, there is a way around that mortgage wall:

1. Use tax returns, notices of assessment and financial statements to demonstrate your earnings.
2. Document your assets, liabilities, and expenses. Your lender wants to understand your business.   A professional on-line presence helps.
3. Have a good credit rating.
4. The bigger the downpayment, the better! 
5. You’re a pro. So use a pro. After all, this is our business, and we take it seriously. Self-employed borrowers are actually one of our specialties: we have access to lenders that specialize in self-employed mortgages, and can anticipate the challenges you might face.

No walls in the way here; in fact, we’ll hold the door open for you!