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.
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