Although the financing rules for self-employed individuals have changed in the last few years, the good news is that obtaining a mortgage has actually never been easier!

The issue many self-employed individuals face is that the 6 big banks can no longer provide financing to someone who is self-employed unless their income is confirmable. However, the range of lenders we deal with provide programs designed for self-employed borrowers who cannot provide traditional income verification vs. a salaried individual.

In order to ensure a good mortgage rate for a self-employed individual or couple, it’s necessary to have a 2 year history of managing credit and finances responsibly and to show that your business has operated for at least 2 years.

We’re happy to explain any of these issues in greater detail and help make the process smoother. Give us a call and we can simplify purchasing a home!