Self-employer / Business owner
Whether you are a business owner or self-employed, we know how to present your file to lenders
Chef d’entreprise ou travailleur autonome, ce sont les mêmes conditions d’accès
If you own a business and are an employee of that business, you are considered self-employed for bank qualification.
Even with less than 2 years in business, you can qualify with as little as 20% down payment.
If you are an employee of your own company, you are considered self-employed
SOLUTION
A specific solution for your situation
Becoming a homeowner when you’re self-employed, self-employed or a business owner is easier than it sounds. And if the solution exists, we have access to it!
Your situation is different from those of salaried buyers, but there are certain banks and mortgage insurers that have adapted to your situation and offer specific solutions for you. We know them inside and out as well as the banking standards related to entrepreneurship.
We have access to the programs of over 20 lenders and partner banks.
The rate will not necessarily be higher than an employee
You think that your professional situation takes you directly to a higher rate than others.
This is not true. It’s the programs and conditions that change, but ultimately your rate and conditions will only be equivalent to those of an employee.
If you have already been rejected it is not a problem
The right solution for every situation!
Each solution is unique, we are able to accompany you and help you find the program adapted to your situation and to allow you to access to the property and this even if you do not qualify for a mortgage loan with the standard programs of the banks.
What is the procedure to follow?
Often you need to show two years of satisfactory income. But there are other ways to get a self-employed mortgage, even if you don’t have those two years.
There are three different programs, each of which requires different documentation; this is the key to facilitating the analysis and approval of your application and to finding the answer to your need together.
We can also guide you and inform you about the programs that are available directly by contacting us.
We can help you with the amounts you can borrow and the specific conditions for your situation.
The most important thing in this process is to be well informed and to understand the mechanisms involved in obtaining a mortgage loan that is adapted to your situation.
What happens if my income is higher than I declared?
There are several options, some mortgage insurers such as Sagen (formerly Genworth Canada), and Canada Guaranty offer programs that address this particular situation there are also self-declared income solutions (no proof of income).
HELPING YOU
