Qualifying for a mortgage can be challenging for some with lots of things to consider. Are you employed on a salary, do you get paid by the hour or are you self employed?
Self employed? How do you pay yourself? Are you an incorporated company or are you a sole proprietor? What do you declare on your taxes. These questions are important because your mortgage professional needs to know which self employment programs you qualify for, along with what type of documentation you will need to supply us.
Also, considered is mortgage insurance. There are many options here according to the size of your down payment.
Check out the following article by
Dominion Lending Centres – Accredited Mortgage Professional
Geoff is part of DLC GLM Mortgage Group based in Vancouver, BC