Self-employed Canadians are finding it increasingly difficult to qualify for their ideal mortgage, as stress tests (which qualify you for a mortgage loan) and financing tighten up. But that doesn’t stop entrepreneurs like you who are competitive and persistent. Instead of giving up or taking no for an answer, you find inspiration and seek answers by looking to other people's wins and how they got ahead.
Read MoreIf you’re new to Canada and want to start looking into your mortgage options, you’re in luck. Given the increasingly closed-off immigration policies in America, Canada knows that its policy to openly encourage immigration comes at an opportune moment.
Read MoreWith the stress and hard work of being Self-employed, people often forget to plan for the foundations of setting themselves up for their future mortgage.
Additionally, Self-employed Canadians are finding it increasingly difficult to qualify for their ideal mortgage as stress tests and financing get tougher. It’s hard to balance out saving taxes with reduced income declarations and the realities of stress tests.
Here are three foundational things to not forget to do before you’re ready to actively find a mortgage that’s best for you.
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