Self Employed Mortgage

Often referred to as No Income Qualifier (N.I.Q.), it is generally understood that self employed people show lower incomes on there Income Tax returns than a salaried employee do to the amount of additional write offs they are allowed. 

This used to make it very difficult for Self Employed people to obtain any form of financing with out a large amount of down payment. Recent changes in the Mortgage industry now allow us to obtain Mortgages for Self employed people for as little as 5% down with a minimum 2 years history of self employment. 

What if I don't have 2 years self employment, well the good news is with 10% down we can get you approved with as little as 1 day of self employment.

How is your income determined? It's not, you just need proven credit history and provide proof you have no outstanding Income Taxes from Revenue Canada, a long with two third party documents showing self employment (i.e. GST return, Corporation Papers, business licence to name a few).