Proving self-employment income, and income stability in the future, can be challenging for new business owners.
Many Canadians have thriving small businesses and would not trade the style of living for anything in the world. However, many begin to question their business choices when they first attempt to obtain financing for:
- A new credit card
- Home
- Vehicle
The nature of self-employment income can sometimes leave the self-employed looking like poor credit risks. Despite this fact, many have a more stable income source than those who work for an employer.
Thankfully, Canadian mortgage lenders are starting to sense the influence of self-employment in our culture. They are making great mortgage programs open to the self-employed to finance their primary residence along with their vacation homes.
Licensed mortgage agents are experts at assisting self-employed individuals with getting a mortgage, it has never been easier!