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You guys are great and thank you for understanding my credit problems and helping me finance my home, most other companies I’ve seen do not offer the level of service as you guys do. I had an excellent home buying experience, and will definitely recommend you to my friends and family.

    -Jeffrey Grove, Hamilton

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Self-Employed Mortgages Print E-mail

Self Employed Borrowers & No Income Verification Loans

Self-employed individuals often find that it is much harder for them to borrow, in comparison to individuals who are employed. This is because for many conventional lenders, the problem with lending to those who are self-employed is documenting the applicant’s income.

Loan-to-value limits

"Loan-to-value” (LTV) is the relationship between the principal balance of a mortgage and the property value. For example, if you have a house valued at $100,000 with a $90,000 loan, you have a 90% ($90,000 divided by $100,000 = 90%).

Equity Take Out

Equity Take Out is limited to $100, 000 for debt consolidation purposes. For asset enhancing purposes, it is limited to $200,000. Proper documentation is required for refinance purposes. For example, estimates must be provided for any renovations.

Self Employed Mortgage - Challenged Credit

Self-Employed individuals with challenged credit may still be able to obtain a mortgage. This loan program provides up to 75% of the loan to value ratio. Simply put, if your property is worth $100, 000, the maximum amount you will receive for the loan is $75, 000.

Second Mortgages

A 2nd mortgage may help self-employed individuals with challenged credit obtain financing for up to 85 or 90% loan to value.

For more information about second mortgages, visit our Second Mortgage page

What ever your situation is please feel free to call us at 416-895-9454

There is no need for you to visit our office - your application will be processed immediately and you can expect your approval in about 24 hours.

To get started simply fill in our secure application form.


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