Especially Good for Self Employed Borrowers

We have had great weather this summer and it’s hard to believe it’s almost over! If you’ve taken some time off to enjoy the summer holidays, have you started thinking about how you’re going to manage getting back into your Fall routine? Will you do anything differently in your business this Fall? (more…)

To answer this question, the first thing we need to know is whether the property residential or commercial. (more…)

I recently wrote about why, if you’re self employed, you should not hesitate to claim all your legitimate expenses and not worry about reporting a higher net income for mortgage qualifying purposes. I’m pleased to say I had a lot of good feedback on the article. If you haven’t read it, but would like to, click here to read the article now. (more…)

There are a number of reasons why people want to take equity out of their properties. The exercise of removing equity from your property is known as a “mortgage refinance” or an “ETO/equity take out”. Some of the most common reasons people want to take equity out of their properties are to: (more…)

A recent CIBC Capital Markets report has been circulating, saying the number of mortgages that will need to be refinanced this year is up substantially from the 25 to 35 per cent range in a typical year, to a whopping 47% this year. (more…)

To this day it amazes me that some people think that a mortgage broker’s job is to help create fake documents. If you’re self employed and you don’t report enough income to qualify for the mortgage you want, you can just call a mortgage broker and s/he will create the documents you need, right? WRONG! (more…)

We handle 1st & 2nd Residential, Commercial, Land, Construction & Self Employed Mortgages. Credit Issues OK. Private Money. Ask about Investing in Mortgages 

If you need a construction mortgage, here are some of the things our lenders consider to be most important: (more…)

A common question I get from people who are self employed – “how much income should I report and still be able to get a mortgage”? An common scenario self employed people (more…)

No Payments. Don’t pay a cent. No money down. You’ve heard every pitch when it comes to selling furniture, appliances or TV’s. But don’t pay a cent on your mortgage? That’s a new one, don’t you think?! (more…)

Given the recent, softer real estate market, many people find themselves seemingly “stuck” with two properties.

They purchased a property, expecting to later sell their current property and use the proceeds from the sale as a down payment on the purchase. (more…)