Self Employed Mortgage Approvals

Self-Employed Mortgage with 10% down payment

Statistics show that self-employed people have higher net worth, but much of self-employed income does not show up on paper. Self-employed workers cut their income down through personal deductions and legitimate expenses which make it hard to qualify by traditional qualifying criteria. There is a special program designed for self-employed people by which you can qualify based on stated income as long as you have been in business for over 2 years.

Self-Employed Mortgage For New Business

 If you are new to business we have an option of using you bank deposits minus your operating expense as your income which means we can use lot higher income than you show on your taxes to qualify you for the mortgage. This option is very helpful for self-employed people to get the mortgage approval.

Who Qualifies? 

Clients must prove they have been self-employed. This can be confirmed via a third-party arms length document. For example, documentation such as a business credit report, business licence, G.S.T. returns or articles of incorporation. In addition, the borrower is required to declare their annual income, which should be reasonable based on the industry, length of operation and type of business.

Qualify today based on STATED income!

Contact Us for an Excellent Service and Hassle Free Mortgage Approval.

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