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Self-Employed Mortgage Wall
 July 26 2016     Posted by


Self-Employed Mortgage Wall - Mortgage Inteligence from Invis Mortgage Intelligence on Vimeo.

 

If you’re self-employed, you may have already experienced “the wall”.  There are 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!


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