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i declareBusiness for Self Mortgage


Self-employed? Your word alone can get you the mortgage you want quickly and easily.

You are independent. And so is your income. What you make on paper isn't always what you can bring to the table. So when it comes to affording the home you want, getting the mortgage you need can be a trying experience.

Not being able to prove you can afford a mortgage won't stop you from getting one.

When it comes to getting the home of your dreams, something as simple as a T4 shouldn't get in your way. The stated income mortgage is tailor-made for self-employed Canadians. It offers an easier mortgage approval process that accommodates your income situation.

All it takes to qualify is your word on income, some employment verification and an assurance that your lending ratios, credit and tax liabilities are in good order*. And that's good enough. In the age of consultants, independent businesses and the new generation of freelancers, you are finally recognized as having the income required to get the home of your dreams. Not tomorrow, but today. Now a large segment of Canada's working population can get quick, uncomplicated mortgages.

Here are some of the key features:

  • approvals up to 95% of the home's value*

  • for purchases, refinances and equity take out

  • Fixed and variable rate products

  • Stated income

To see if you qualify for the Business for Self Mortgage or for more information call us at 866-544-4001.

 

 

 

 

 

 

 

 

 

 

To maximize the benefits to you, you may want to consider enlisting the services of a  Mortgage Intelligence agent.  We negotiate with major financial institutions, chartered banks, trust and insurance companies, Canada Mortgage and Housing Corporation, Genworth and others to bring our clients the most competitive mortgage rates and terms.  Mortgage Intelligence will usually earn a commission or fee from the lender* for all the work, advertising and promotion done on their behalf.  Our professional services are provided, in most cases, at no cost to you.  We are constantly updated on rate changes and new products being introduced in the market.  As our client, you can choose from the widest range of options, obtain the most competitive rate and best product suited to your specific needs.  An extensive network of financial institutions has enabled many of our clients to obtain savings of up to 1.40% below posted lender rates.

For more information or a free consultation - Please contact Justin Christie or Keith Walper at 519-238-HOME(4663) or toll free at 1-866-544-4001.

* Subject to certain guidelines

Rates

Rates as of 11-Mar-2010
Term Bank Posted Rates Our Best Rates*
6mth 4.60% 3.85%
1 yr 3.65% 2.49%
2 yr 3.95% 2.95%
3 yr 4.30% 3.40%
4 yr 5.04% 3.69%
5 yr 5.39% 3.69%*
7 yr 6.60% 4.95%
10 yr 6.70% 5.20%

variable rates-ask for details

*30 day quick close special

 

 

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Mortgage Details

Pre-qualification - Having the right documents in place will speed up the process
Mortgage options - The mortgage you choose will form the foundation of you financial stability
Down payment - Homebuyers today have more choice than ever before in terms of what they can use for a down payment.
LTT refund & GST New housing rebate - Land Transfer tax refund - First time home buyers may be eligible for a  land transfer tax refund. GST New Housing rebate is also available (not just for first time buyers).
RRSP Program - Home Buyers' Plan (HBP) - You can withdraw RRSP money 'tax free' provided you buy or build a qualifying home
Mortgage Types - Arranging to pay for that home is one of the most important financial decisions you will ever make
Average 5-year Mortgage rate - How do 5-year rates compare since 1981
Payment Tables
Repayment options - How you pay your mortgage has a dramatic effect on the amount of interest you pay..
Closing the deal - There are costs involved in every real estate transaction.. be prepared for all the extras..
30-35 year amortizations - extended amortizations
 

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*Rates/product subject to purchaser/property qualification and change without notice. E&OE. OAC.

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® Registered trademark of Mortgage Intelligence Inc. © Copyright 2009, Mortgage Intelligence Inc. All rights reserved.

HO Address:  5770 Hurontario Street, Suite 600, Mississauga, Ontario, L5R 3G5

Mortgage Intelligence FSCO licence # 10428 | Justin Christie FSCO licence # M08001295  |  Keith Walper FSCO licence # M08001748