You own your business. Helping you
own your home is ours.
As an entrepreneur, it's reasonable to believe
that ownership of your home is achievable. Yet, people who operate
their own businesses often face difficulties arranging financing
for a home. Lenders traditionally require a 3 year average of
a self employed individuals “net” income (income
after expenses but before income taxes) as reported to Revenue
Canada. A lot of self employed people’s “true” income
is much greater than their “net” income. This is
why lenders have created a flexible mortgage that offers a streamlined
approval process based on your personal credit history not your “net” income.
Depending on the money you have available for
a down payment, you can select a low-cost High Ratio mortgage that
requires as little as 10% down¹ or a Conventional mortgage
with a down payment of 25% or more.
Funds are available whether you are purchasing
a home or refinancing² an existing mortgage.
- Mortgage must be insured against default by
GE Capital Mortgage Insurance Corporation.
- Applicable to residential mortgages only. Subject
to meeting the lenders usual credit criteria.
Some conditions apply. |
