SELF EMPLOYED-
New Mortgage regulations have altered how the traditional prime lenders and insurers assess income.
Cash intensive” occupations are not viewed as business-for-self with most lenders as income generally, cannot be verified via third party documentation (Notice of Assessments) but do deposit income into their Canadian bank accounts.
• Becoming a rarity in today’s digital society to operate solely on “cash”, especially as it pertains to mortgage payments, car payments, rent, and monthly bills.
• With alternative lending, a common-sense approach is used – Utilizing bank statements to back up self-declared income provides the lender a good understanding of the client’s ability to repay the mortgage and is accepted as alternative documentation. Making Dreams Come True.
• At Astra Mortgage, one of our key niches is helping you obtain reasonable and affordable mortgage financing for your Business-For-Self clients. Getting these deals done with conventional lenders is proving to be more challenging with every new regulation put into place. We make this possible with:
• Innovative solutions
• Personalized service
• Profound industry knowledge
• Common sense underwriting and documentation requirements
• Which are all designed to do one thing…
MAKE YOUR DEAL A REALITY!
