It's not impossible to get a loan in Canada if you're self-employed. Usually, that just means more documentation is required. Largely, it's so that clear proof comes through about your income. If you had a regular employer you'd get paychecks and the like; since you employ yourself, you need to prove how consistent your pay is and for how much.
Read MoreWhen you move to a new country, it can be challenging to adjust to the culture and begin a new life. As a result, several financial institutions provide mortgage choices for immigrants to aid their transition into homeownership.
Read MoreWhen should you lock in your variable into a fixed rate mortgage? If you are buying a home this year, which option will save you the most money? If you understand the innate differences between fixed and variable rates then the below breakdown will help you make the best educated decision.
Read MoreConsider the following scenario: you've been looking for a home and have seen numerous, each time acquiring a better picture of your perfect home. Then there's the perfect house. However, there is a snag: the property is not yet ready for occupancy, and you lack the finances to complete the necessary renovations. A loan for the purchase and improvement of a home may be advantageous.
Read MoreAs a homeowner who wishes to unlock the equity that you’ve already built up in your current property, you might have been toying with the idea of getting a second mortgage. However, you might be wondering if it is indeed the best choice for you.
Read MoreWhen it comes to shopping for your dream home, it could take months searching all over the town for a house that is just the right one for you, only to come up empty-handed and disappointed. Why? Maybe the housing costs aren’t affordable, some houses look great from the outside while the inside of it is not what you want like poor interior lights, a leaky roof, bad electric works and so on.
Read MoreAs people make a furious rush to either upsize or downsize in a hot market, there are some often overlooked mortgage strategies to consider when buying and selling real estate at once. Failing to plan ahead can cause some serious stress and jeopardize the potential of your new home.
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