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Home loans for self employed new professionals with strong income potential: doctors, dentists, lawyers or accountants in business at least 2 years. These are equity mortgages.
Here is how this self employed home loan worked for Diane (not real name), a young family doctor in Burlington, Ontario. She opened her family medicine practice 21/2 years ago. Diane has $220,000 in student loans and a $75,000 private loan to start her medical practice. Unfortunately, in the past she had student loans and credit cards late payments, leaving her credit bruised with FICO score of 596.
a young child that is being cared for by her husband who postponed
his career to help her get her medical practice established. The couple wants to buy a home for their
family and contacted us about self employed home loans for new professionals.
Diane was not able to prove sufficient income to qualify through CRA tax returns. So, we got her a home equity mortgage that suit her family's needs - see the details below:
Self-employed mortgage borrowers with good credit can now get a home equity mortgage loan to buy or refinance at 50% of appraised value, even if they don't show much income.
We can offer business for self clients several self employed loans no proof of income. The best way to know where you fit, is to contact me about your self-employed mortgage and I will put together a strategy to meet your individual circumstances.
Lower my mortgage payments you say? No problem! Good to fair credit, we'll get you 35 year amortization and low mortgage payments. Ask me if you qualify.
Marie Copeland, FSU, Mortgage Broker Hamilton, Burlington and throughout Ontario
Return to self employed mortgage for more solutions for small business owners
from Home Loans for Self Employed
Call us at 905.537.8815 for mortgage help
*Lenders change their products and interest rates without notice.