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Self Employed
Self Employed Mortgage
Obtaining financing can be hard enough these days, but when a borrower is self-employed there can be additional qualifying challenges. Dominion Lending Centres specializes in self-employed mortgage financing. Gone are the days of needing two years of Self-employed income! Not a lot of income being claimed? We will look at your bank statements, not your T1 general. Give us a call today, Victoria’s Mortgage Brokers!
Benefits of Self-Employed Mortgages
In many cases, self-employed borrowers show much less income on their tax returns than what they actually make so qualifying under normal “A” lending and debt service ratios can be difficult.
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Our Team works with lenders that will allow income to be grossed up and/or use the true cash flow of the business through bank statements to qualify. The self-employed mortgage doesn’t have to be private or alternative lending and in many cases, borrowers can still get “A” rates with major banks and prime lenders.
