Mortgages for the Self Employed - No proof of Income required.

There are options if you are self-employed/100% Commission based,  or have had Credit problems in the past.

Waiving traditional Income requirements, or making an exception to verification of Documents are items that are quite "negotiable", and can be handled by discussions with the Bank's Mortgage Underwriters.  Speak to me for further details.

      This Program is ideal for the following types of Borrowers : -

     • Borrowers who cannot, or prefer not to document income through Tax Returns.

    • I don’t ask for NOA’s on the Stated Income Program.  I simply need a reasonable income to be accepted by CMHC,  proof of Self 
       Employment (preferably for 2 years) but can accept less than 2 years BFS if in the exact same line of work previously. 

    • I then have the Client sign a stated declaration at the Notary/ Lawyer’s Office to confirm that no income taxes are owing.

   • Common proof of Self employment includes business licences, GST returns, Articles ofIncorporation, or a history of the business 
       Bank Account)

     Program highlights include : -

     • Less paperwork.

    • Ideal for Cash businesses

    • Self-Employed.

    • 100% Commission based Sales People/ Salaried with Tips.

    • Loan amounts from up to 95% of Property value purchases-90% on refinance

    • No Tax Returns or Financial Statements needed.

    • Two years in business or in same line of business.

    • No Collection items outstanding

Highlights

Low Low Rates. Discounted & LESS than Bank Posted Rates ! Believe it !

 These rates available for all Clients, regardless of the Program they are approved under.

 Own your own Property with as little as 5% down payment- see below.

 No proof of income required.

 No NOA’s on our Self Employed Stated Income Program !

 80% rental offset for all rental properties, with no limit to how many a Client can own !

 $1,500,000.00 maximum Mortgage amount with no sliding scale !

 Up to 35 Year amortizations.

 Self-employed, or 100% On Commissions /Salary & Tips

 Have been in business for self for at least 2 Years; show by way of Business License;  Incorporation, or T1 Generals.

 Primary Borrower is required to have a minimum of one year established Credit with a minimum of two trade line (Credit Cards, or Loans).

 Bankruptcy - 2 years minimum discharged, with 2 years re-established Credit

 Maximum Loan to Value as follows : -

 Credit /Beacon Score             Maximum LTV  

             600                              Up to 75%

             620                              Up to 85%

             650                              Up to 90%

            700                                                              Up to 95% (Purchase only) *

All  First Mortgages and Renewals at Discounted Rates ! We also have our own Mortgage investment fund  and a group of Private Lenders  willing  to lend at low rates.
 
Private 1st, 2nd and 3rd Mortgages & Equity Loans  - Low Income, Bad Credit , Self Employed, Bankruptcy Discharged, Consumer Proposals, Bank Declines, Non Income Verifiable, all of you can apply for a Mortgage and be considered !
 
With over 35 years experience in Banking, Mortgages is one area where I can help you best.

Tahir Mian
B.A. (Honours), M.A. Finance/Economics. Lic. ScPol.
Faculty of Law and Economics, Sorbonne, Paris.

Mortgage Advisor and Underwriter
Cell: 1 604 781 2030
Fax: 1 604 630 9913