Business Owners and Self Employed
Although Chartered Banks are now heavily restricted by the Office of the Superintendent of Financial Institutions (OFSI) B20 rules there still remain superior lending options with various Credit Unions and Alternate lenders.
A Mortgage Broker is the most efficient route to the answer you need. We understand business owners, professionals and entrepreneurs because we’re business owners”,” too
Down payment criteria has changed, the list of documents required to confirm existence of the business has grown, and backing up claimed income with accountant prepared T1 General tax returns is a much more strenuous process.
Programs for business owners that do not draw significant taxable income from their Company still exit.
The bottom line is that I know which lenders still have the sharpest programs and how to structure the file for its best chances of a prompt approval. Contact me now.