Tag: self-employed

Self employed? Mortgage planning is *key*

January 21, 2019 | By | Add a Comment

What you need to know about getting a self-employed mortgage If you’re an entrepreneur, small business owner, consultant, or work on contract rather than full-time salary, and will be mortgage shopping soon, just a heads up. It’s getting harder and harder for people who are self-employed to get mortgage financing. Salaried employees can easily prove […]

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Going, going, gone! [New mortgage rules and conventional mortgages]

October 17, 2016 | By | Add a Comment

Down payment of 20% plus?  New mortgage rules that affect you With all the media hubbub recently, you probably know that the Canadian finance minister announced stringent new mortgage rules on October 3, 2016.   If you are looking to buy a new home or refinance, you maybe be affected, even if you have 20% down or […]

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What is a private mortgage? Another entry in the mortgage glossary

November 16, 2015 | By | 6 Comments

What is a private mortgage and why might you want one? A private mortgage is one that is offered by an individual or a company who is not a mainstream or alternative institutional lender.  The private lender is willing to lend money out to borrowers who have equity in their property, need financing for a […]

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Fall in love with your mortgage

February 14, 2015 | By | Add a Comment

Resent your mortgage? Or worse, are you a little afraid of it?  You’re not alone.  Most of us see the mortgage as this giant debt that is our single biggest monthly expense, and there’s not much that seems good about it. How can you appreciate your mortgage? Simple.  Get to understand it better. If you have […]

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Self-employed? What you need to know about getting a mortgage

December 22, 2014 | By | 1 Comment

Are you an entrepreneur? …  Or a small business owner, freelancer, consultant, contract employee, or working in a capacity other than full-time salary? Salaried employees can easily prove their income with a T4 slip. If you’re self-employed, chances are you’re working with an accountant and working really hard to report income that’s as low as you can […]

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Opening doors, not building walls – the Dec 2014 Home and Mortgage Newsletter

December 1, 2014 | By | Add a Comment

Self-employed?  Come up against “the wall” yet? New mortgage rules are constantly being added in Canada.   We’re expecting changes coming up later in 2015 as well.  Here are some tips to get around the self-employed mortgage wall.  Read more in the December issue of the mortgage newsletter here… Starting smart…  The stats show more […]

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Meeting with your mortgage broker – what do you need to bring?

December 22, 2013 | By | 2 Comments

Meeting with your mortgage broker for the first time So you have set up a meeting, and you’re wondering what information you’ll need?  I often get asked this before I meet with my clients, regardless of whether they are first-time homebuyers, seasoned property investors, or in between.  Every mortgage professional is a little bit different, but I […]

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Self-employed and needing a mortgage? We’d better talk…

December 1, 2013 | By | Add a Comment

Lately there’s been a lot of talk about the mortgage rates in Canada, and expectations that they might not be changing much over the next year or so.  What hasn’t been a big part of the conversation is that the government might be looking at different ways of tightening the mortgage market, that are not […]

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