Mortgage Financing for the Self Employed. The Banks won’t approve me for a mortgage because I don’t declare enough income. Introduction. Welcome to this on-line seminar which will help you get past some of the limited lending policies of some of the major lending institutions.
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Mortgage Financing for the Self Employed
The Banks won’t approve me for a mortgage because I don’t declare enough income.
0% - 75%
75.1% - 95%
The notice of assessments provides 3 things to the lender.
HIGH RATIO MORTGAGES
Purchase Price $175,000
Property taxes $2000 per year
Client has $17,500 Downpayment
Standard High Ratio
1st and 2nd Mortgage
The 1st and 2nd mortgage does
Cost $175.23 per month more
But saves you the
$3150 CMHC Fee
If you would like additional information about mortgage financing for the self employed, please call me at 1-905-336-8448 and ask for David Kendall or email me at [email protected]
Feel free to visit our “Online Seminar Survey” located in the Online Seminars Section of Burlington Homebuyers.com