Meet Marie Copeland
Here to work for you not the big banks. Getting you bank or alternative financing for home purchase or refinancing a home mortgage is more than a job. It's a passion to help families and small business owners realize their real estate financing dreams.
Home loans for self employed are available up to 80% of home value. These are no proof of income loans alternative financing for home purchase, refinance home equity mortgage or debt consolidation loans Ontario for small business owners.
No proof of income needed through tax returns
Today, mortgages for self employed are widely used in Ontario.
Sometimes our clients simply prefer the flexibility the mortgages for small business owners no proof of income loans offer. Why?
While self-employed mortgage for business owners is at higher interest rates than bank, often small business owners find it a better option than paying high CRA taxes. This is why business owners prefer to expense their business related expenses reducing the amount of CRA taxes they have to pay, in favour of, no proof of income loans self-employed.
But, now that you have reduced the amount of CRA reported income, how do you qualify for a mortgage for self employed in Ontario?
Fortunately, we have home loans for self employed.
How much money and at what interest rate you will get with home loans for self employed depends on your credit score ranking, quality of your property, how much money your business brings into your bank account vs expenses and location, location, read more below.
The no proof of income loans self-employed lenders focus on 3 priorities when giving you self-employed loans no proof income.
Business owner mortgage loan lenders focus on the area where the property is located. Some areas are viewed as not very marketable. These include some downtown areas and homes close to commercial and industrial locations where nearby buildings have shown signs of deterioration. Others are small towns with less than 35,000 population.
In rural areas, especially without municipal services where properties rely on septic systems and well water, alternative mortgage lenders will likely cap the amount of money they give you to 65% of property value.
Here is the summary of features a home loan for self employed offers;
Many of our clients prefer the easier no proof of income loans process and don’t mind paying a bit higher interest rates for this privilege vs high CRA taxes.
Almost everyone qualifies with some lender provided you have enough down payment with your alternative financing for home purchase or, enough home equity when you refinance a home mortgage.
The no income verification mortgages lenders offer self employed home loans including rental property financing.
Not sure where you fit in? Why not give me a call for a free mortgage assessment of your options and immediate assistance.
Marie Copeland, FSU, Mortgage Broker Hamilton, Burlington and throughout Ontario
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*Lenders change their products and interest rates regularly and without notice. Check with us for updates.
Axcess Mortgage and Loans Financing Co. Ltd. | FSRA 10420
1 (905) 537-8815
Banks and AAA lenders pay us for your service. Some alternative mortgage financing and all private mortgage lending broker fees are payable by clients.