About Self Employment
Have you been turned away by your bank, credit union or mortgage lender because you are self employed or can’t demonstrate enough income to qualify? Good Credit is not enough to qualify you for a mortgage these days. Most major lenders want proof of income that is both consistent and sufficient to cover the money you are borrowing.
Despite the major banks tendency to decline clients who can’t prove their income there are a slew of lender’s who invite common sense lending. As long as a lender can make sense of an application and feels comfortable that the loan will be repaid and that they won’t lose their investment they are more than happy to approve our applications.
If your bank won’t help you, we most certainly can! For the last 30 years we’ve been helping clients that other lenders have turned away. Contact us if you require mortgage financing and are:
• on maternity leave
• not claiming all of your income (contractors etc)
• working in the service industry (don’t claim tips)
• between jobs
• on disability
• on social assistance
• on unemployment insurance
Contrary to what most mortgage lender’s will tell you there are a number of lenders who are willing to compete to get clients with these types of issues. Just because you can’t prove your income in the traditional sense does not mean you represent a risk to a lender. Having a broker who knows how to submit these applications and who to submit them to means that not only will you get an approval but you will have lenders competing for them!
Don’t be discouraged because you have been turned away.
We’ve helped a lot of people. See what they have to say!
Marilyn & Bob T
We can’t thank you enough for all your help with our mortgage. We were skeptical about filling out an online application but we had tried several banks and due to our credit, couldn’t find anyone to help us. Getting a call within 15 minutes of submitting our application to go over the application put my mind at ease but my husband and I were both shocked to receive a call the same day with an approval. We are still amazed at everything you did considering how difficult the banks made our situation sound. Again, from the bottom of our hearts thank you so much!
Marilyn & Bob T, Whitby Ontario.
Dave & Sharon S
My wife and I felt completely lost and didn’t know where to go after being declined by our bank of 18 years. We were so relieved once you advised us there are still lenders that value a mortgage based on merits other than just your credit rating. We had never missed a payment on our mortgage for 18 years and to hear our bank say they couldn’t help us even though we owed virtually nothing on our home was heartbreaking. We couldn’t be more grateful that you helped out two complete strangers when nobody else would.
Dave & Sharon S, Ottawa Ontario
I can’t put into words how greatful I am to you regarding coordinating all of the activities in seeing my new mortgage go through. There are several reasons for the appreciation from my side but most importantly it will allow my daughter to continue to grow up in a home and neighborhood that she has identified as being very important to her.
I owned a home for almost 15 years and faithfully renewed at my bank every 5 years. About 14 years into my mortgage my job was terminated and I was forced to rely on credit cards to keep things going. Fortunately I found work after 7 long months but by then my credit had deteriorated and my bank wouldn’t help. I called turnedaway.ca after hearing one of their radio ads and I am glad I did. They bailed me out of a bad financial situation, got rid of all my credit card debt and got me down to one manageable mortgage payment.
John C, Toronto Ontario.