There is still many options in Canada when it comes to Business for Self applicants who have difficulty meeting traditional income guidelines when applying for a mortgage.
Canadian mortgage insurers CMHC and Genworth both offer business for self or stated income programs.
Clients who have a good credit history and are either newly self-employed or have been self employed for many years, can access up to 90% Loan to Value on purchases & Ports, and up to 85% for refinances with minimal income verification.
With full income confirmation 5% down payment on purchases is still offered. All fixed and Variable term mortgages are available with amortizations up to 30 years.
If you are self employed and want to know more about your mortgage options please contact Scott Dawson by any of the methods below:
Phone: (778) 668-9320