While obtaining a mortgage as a self-employed borrower can be challenging, it is possible with the right preparation and expert guidance from trusted Broker. We specialize in working with self-employed borrowers and have strong relationships with lenders in this field. They will assist you in collecting the necessary documents, help with improving your credit, if necessary, secure the best lender for your situation, and handle your mortgage financing details, allowing you to focus on your business. Let’s simplify the process together. Contact us today!
Self-employed individuals often encounter a distinct set of hurdles when looking to secure a mortgage, making the process more complex and demanding when compared to those with traditional employment. But that is where we come in! With our extensive experience working with all types of self-employed scenarios, we understand the complexities and are here to guide you through the process.
When securing a mortgage as a self-employed borrower, the primary challenge lies in proving income. Lenders typically prioritize stable and consistent income, which can be challenging for self-employed individuals whose income fluctuates and is often kept low for tax purposes. Additionally, money retained within the business is not considered personal income, further complicating the task of providing the necessary income proof that lenders require.
Self-employed borrowers must also provide additional documentation to verify their income. Furthermore, some lenders prefer borrowers who have been self-employed for at least two years, making it more challenging for recently self-employed people.
If you think you might want to look into refinancing your mortgage, whatever the reason, even if you are just looking to benefit from a lower mortgage rate, we can help you review your options and decide if this option can help you in your own individual situation.
If you would like to discuss this further, please don’t hesitate to contact us!
At Active Bankers, we are more than just a mortgage company; we are your trusted partners on the path to financial success and homeownership. With years of experience in the industry, we understand that navigating the complex world of mortgages can be a daunting task. That's why we're here to simplify the process, offer expert guidance, and provide tailored solutions that empower you to achieve your homeownership and financial goals.
2560 Matheson Blvd. East, Suite , Mississauga, Ontario,L4W 4Y9
info@activebankers.ca
+1 416 456 8076
