Self-Employed
Are you self-employed and finding it difficult to arrange competitively-priced mortgage financing for your home?
Lenders usually look for the following documentation for a self-employed mortgage is:
- Your income tax returns and notices of assessment for the previous two-to-three years
- Financial statements for your business.
- Proof that your HST and/or GST is paid in full.
- Contracts showing expected revenue for the coming years.
- Your personal and business credit scores.
- Proof that your down payment has not been gifted.
Because it is difficult to navigate which lenders specialize in self-employed mortgages or have more favorable terms for the self-employed, we, here at Mortgage Bridge Canada, can definitely guide you.
| Best Rates | ||
|---|---|---|
| Term | Posted | Rates |
| 1 Year | 3.04% | 2.44% |
| 2 Year | 2.84% | 2.54% |
| 3 Year | 3.44% | 2.60% |
| 4 Year | 3.89% | 2.84% |
| 5 Year | 4.84% | 2.84% |
| 6 Month | 3.10% | 3.10% |
| 7 Year | 5.30% | 3.34% |
| 10 Year | 6.10% | 3.74% |
| Variable Rate | 2.15% | |
| Prime Rate | 2.95% | |
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Last Update Date: 08-02-2017
*Rates are subject to change without notice.
OAC, E&O.E
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