The self-employed workforce in Canada continues to expand, with more Canadians opting for the flexibility and autonomy that comes with owning their own businesses or working as freelancers or contractors. While self-employment affords many benefits, it can also pose challenges to securing mortgage financing due to income fluctuations, unconventional documentation, and tighter lending criteria.
Read MoreAs a self-employed individual, navigating the mortgage process in Canada can be a complex and challenging endeavour. With unconventional income streams, fluctuating revenues, and the absence of standard employment documentation, self-employed borrowers may struggle to meet the stringent criteria set by traditional mortgage lenders.
Read MoreCanada's real estate market is not only attractive to local residents but also appealing to international investors, newcomers, and Canadian expatriates seeking to purchase a property in the country.
Read MoreExplore private mortgages as an alternative financing option for self-employed individuals and investors in Canada. Understand the benefits, risks, and factors to consider with Level Up Mortgages.
Read MoreLevel Up Mortgages simplifies the mortgage journey for self-employed individuals, providing expert insights and guidance on successfully obtaining mortgage financing tailored to their unique needs.
Read MoreExplore the benefits and considerations of downsizing your home as a Canadian homeowner. Partner with Level Up Mortgages for expert guidance, alternative lending options, and personalised mortgage strategies.
Read MoreReaching a Trigger Point in your mortgage can be a daunting experience, but with the right understanding and proactive steps, you can take control of your financial situation. Assess your options carefully, make informed decisions, and reach out to your bank to navigate through this process smoothly.
Read MoreUncover key for new immigrants seeking homeownership in Canada, designed to simplify mortgage options and the home-buying journey. Partner with Level Up Mortgages to make your Canadian homeownership dreams a reality.
Arriving in a new country and starting a fresh life is both thrilling and challenging. For many new immigrants in Canada, one of the significant steps towards planting roots and establishing a stable life is homeownership. However, navigating through the mortgage process in a different financial and legal environment can be daunting.
Read MoreBuying a home is a significant investment that requires careful consideration and planning. For temporary residents in Canada, purchasing a home can be challenging, given the complex legal and financial requirements involved.
Read MorePurchasing a home is a big investment, and getting pre-approved for a mortgage is a crucial step in the process. Mortgage pre-approval is a conditional commitment from a lender to provide you with a loan for a specific amount, based on your financial situation.
Read MorePaying off a mortgage early is a goal for many Canadians. It means being debt-free and owning your home sooner. However, before you make any extra payments, it's essential to understand the penalties that come with prepaying your mortgage.
Read MorePrivate mortgage investments (PMIs) are an alternative option for investors looking to diversify their portfolios. PMIs are loans made to borrowers who are unable to obtain financing from traditional sources, such as banks and credit unions.
Read MoreSuccessfully getting a mortgage as a self-employed individual is more challenging than it is for those with a steady income. You may need a consistent salary or a regular pay stub to show the lender.
Read MoreInvesting in a private mortgage in Canada can be a lucrative opportunity for investors seeking to diversify their portfolios and generate passive income. With the tightening of mortgage rules and regulations in recent years, more and more borrowers are turning to private lenders to secure financing for their homes.
Read MoreAs with any industry, several myths persist when it comes to private mortgage lending. Some of these myths can be harmless, but others can be downright dangerous, leading borrowers to make poor financial decisions or miss out on potentially beneficial opportunities.
Read MoreCommercial mortgages are a type of loan that financial institutions offer businesses to buy or refinance commercial properties.As an investor, investing in commercial mortgages without having to actually buy the property has several advantages if you are looking for alternatives to the stock market. Like an exchange-traded fund (ETF), your capital (usually a minimum of $5000) is pooled with other investors money to loan privately to commercial home buyers.
Read MoreAs a self-employed individual, securing a mortgage can be a challenging process. Unlike traditional employees, they don't have a steady paycheck, which can make lenders hesitant to approve a mortgage application. However, with the right approach and preparation, they may increase their chances of getting approved along the way.
Read MoreReal estate investing can be a lucrative way to build wealth over time, but it can also be challenging and complex. Investing in private mortgages is one way to simplify the process and increase your chances of success.
Read MoreAs a contractor, you know every construction project has its fair share of risks. From natural disasters to vandalism, a lot can go wrong on a job site. That's where builder's risk insurance comes in. This essential coverage helps protect your investment, your reputation, and your bottom line.
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