Mortgage Intelligence

Oshawa's Mortgage News Desk!

Self-Employed Will Suffer!

Leave a comment

Expect Further Tightening of Guidelines For The Self-Employed.

Self-Employed

Self Employed lending has always created a balancing act for the borrower. While trying to save on income taxes, deductions that decrease taxable income can now stand in the way of a mortgage approval.Our industry expects to see further tightening in this area in the months to come.

It is expected that all three Insurers in Canada, CMHC, Genworth and Canada Guaranty  will further restrict the lending capacity of lenders such as credit unions and specialty lenders. This may force more Self-employed individuals to seek out other options.

What can you do if you are Self-Employed?

Mortgage Brokers have always provided borrowers with the widest number of lenders and the lowest rates.  Here at Mortgage Intelligence we have relationships with over 50 National and Private sources for mortgages. We can be your best asset when you require a mortgage.

Experience counts as well. For over 14 years our office has been a primary source of approvals for those that are Self-Employed. Why not make the choice and let us help.

This is a good time for you to get some advice if there is a possibility that you will need a mortgage in the foreseeable future.  You may be able to take advantage of the current situation before things change again.  Contact us by using the form below or Apply online now.

Advertisements

Author: mimortgage.ca

David Hetti is a full time Mortgage Broker with Mortgage Intelligence (FSCO Lic MO8002434) David is the Director of Operations at Mortgage Intelligence Oshawa and heads a team of full time licensed Mortgage Agents serving all of Ontario. David is also a licensed Insurance Consultant.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s