Self Employed
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The traditional income requirement for self employed individuals is a 3
yr average of the "net income" as reported to Revenue Canada. Because
of this requirement, many self employed individuals have a difficult
time receiving mortgage approvals because their "true" income is
difficult to show the lender. No problem! We have several different programs available that will allow you to qualify for a larger mortgage than your bank may provide. Through "equity" programs we are able to waive the traditional lending requirements. |
Click here to read CMHC's "Self Employed Simplified" article