Self Employed Mortgage
In Canada, almost 20% of the entire population is self-employed. Securing self-employed mortgages in Milton through the bank can present many hurdles. We understand that this can be frustrating. But you shouldn’t feel discouraged, there is always a solution for you at Halton Team Mortgages.
Why Most Banks Say No?
One of the main reasons that it has become increasingly more difficult to get a mortgage from your bank is because banks do not recognize your payable taxes. Therefore, it’s hard for them to determine your actual income and expenses.
Aside from this, they also want to know everything to even considering lending to you including 2 to 3 years of tax assessments, business financials, proof of HST/GST payment in full, proof of expected revenue (on-going contracts), proof of business ownership, personal credit scores, Article of Incorporation or GST Licence and documented proof that you were not gifted your down-payment. Do you really want to go through all this hassle? Probably not!
Find out why it’s more simplified to get a self-employed mortgage when you use a Mortgage Brokerage Firm in Milton.
Self Employed Mortgage Agents in Milton
If you are self-employed, there is always a difficulty in navigating through the mortgage lending process with your bank. Mortgage brokers are certified and trained professionals who specifically specialize in self-employed mortgages. Since this is an area our self-employed mortgage brokers in Milton specialize in, they simply have better terms for self-employed individuals. On top of this they have an access to dozens of lenders and industry knowledge, making it easier to find the best mortgage for you.
Our lenders are aware that you’re self employed when we contact them and they are willing to work with us, not against us. They allow you to provide just an estimate of your income and can offer you various mortgage solutions based on this amount.
We understand your situation is unique and we can help you secure a self-employed mortgage in Milton and Halton Hills. Let us get you in your dream home right away.
Are you self-employed and want to know if you qualify for self-employed mortgage in Milton & Halton Hills? Contact a Halton Team Mortgage Broker today.
When your finances matter, we’ll be there for you!