Calgary Mortgage Broker pt2
Calgary Mortgage Brokers
The previous article covered items to be cautious with when working with Mortgage Professionals. Here are some helpful tips to look for in a local
Calgary Mortgage Broker.
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Calgary Mortgage Brokers
Calgary Mortgage Brokers I have been meeting with a lot of clients lately that have had very bad experiences with the Banks or other mortgage brokers. The good news is that it seems like more Calgarians are using a mortgage broker and not just letting the banks push you into a mortgage without taking the time to explain things. Here are some ways to protect yourself from banks and weeding out bad business people. Read more
Mortgages for the Calgary Self-employed
The self-employed and getting a mortgage
Lets face it the self-employed comprise a large amount of Calgary’s job market. Imagine what Calgary or Alberta would be like without those innovative and energetic people had not chased their entrepreneurial dreams. Unfortunately, even though these individuals may actually be more financially successful than ever, they often do not fit traditional lending requirements. The core problem for those self employed is providing the typical documentation to prove personal income. An astute business owner with a good accountant will work hard to minimize taxable income for the business; a smart financial management strategy. But when lenders plug those figures into their lending formulas, they may conclude that you are a high-risk borrower. Historically it has been pay a higher rate or put more money to compensate for the extra risk the lending institution is taking.
