Self-employment has many benefits. Self-employed home buyers, however, may have more difficulty in getting a mortgage than their salaried counterparts. In terms of mortgage financing you’re considered a self-employed borrower if:
- you own your own business (incorporated or sole proprietor)
- you are responsible for the payment of your own personal income taxes
- you work under contract with your employer and they do not deduct income tax.
If you fall into one of these categories, you will be happy to know that there are specific mortgage products available to you. Just keep in mind as a self-employed home buyer you will need to confirm that your income taxes are up to date. You may also need to provide other information.
Helping self-employed home buyers get a mortgage in Hamilton
At Best Mortgage Loans we know the troubles that self-employed home buyers in Hamilton can run into. Our clients get the best rates around, no matter the situation, because they benefit from our years of experience. Working with many vendors, we will match each client with the one that can give them the best rate.
We also know and serve the cities around Hamilton, such as Burlington, Oakville, Waterdown, Brantford and Woodstock. If you’re a self-employed borrower and are looking for the best mortgage rates in any of these communities, just call us at 905-667-8088, and let us help you today!
VERICO Best Mortgage Loans
949 Garth St
Hamilton, ON L9C 4L3