August 16, 2018

It Is Still Possible For Self Employed

I was recently asked how are ‘Business For Self’ people going to be able to qualify for a mortgage under the new financing rules.  If you have to prove that you can service the mortgage from your income but do not declare all your income due to the offset of expenses or possibly a cash industry, how will you ever qualify! I am in the process of finalizing a mortgage for a client that is basically in a cash industry at very decent rates.  It is really important that as an entrepreneur, you deposit all your earnings in your savings…

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