Self Employed Mortgage Ontario - Circle Mortgage Group

Circle Mortgage Group has over 15 years of experience in the mortgages industry. Our dedicated broker has helped thousands of clients in Canada qualify for a mortgage, especially those who have their own businesses. While there are many benefits to being a business owner, self-employed individuals often have a difficult time securing mortgage financing because they're seen as a risk due to having a harder time proving their annual income. At Circle Mortgage Group, we strive to make the process simpler.

Circle Mortgage Group Makes Every Effort To Offer Our Clients:

Best Available Rates

Fast Approval

Quick funding

Customer Focussed

We Ensure Self-Employed Mortgage Applicants Get Approved

Circle Mortgage Group has over 15 years of experience in the mortgages industry. Our dedicated broker has helped thousands of clients in Canada qualify for a Self Employed Mortgage Ontario, especially those who have their own businesses. While there are many benefits to being a business owner, self-employed individuals often have a difficult time securing mortgage financing because they're seen as a risk due to having a harder time proving their annual income. At Circle Mortgage Group, we strive to make the process simpler.

mini house and a girl - Self Employed Mortgage Ontario

Can You Secure A Mortgage With A Minimum Down Payment?

In many cases, a self-employed individual will have the required down payment and a good credit score but will still be turned down by a mortgage lender, such as banks or credit unions. The reason? Because they're seen as a "risky lender" since it's more difficult for business owners to prove that they have sufficient income to pay for their mortgage. This is due to tax writeoffs that lower their overall income on financial statements, as well as fluctuating income which makes it difficult to predict expected revenue. At Circle Mortgage Group - Mortgage Broker Burlington, we have access to lenders that specialize specifically in lending money to self-employed individuals and we will help you navigate through the process regardless of whether you have a larger down payment or the minimum.

Benefits Of Having An Experienced Mortgage Brokerage On Your Side

When applying for a Self Employed Mortgage Ontario, lenders take into consideration the borrower's credit score and net income, as well as the property value and purchase price. A self-employed mortgage is a mortgage given to a self-employed person, however, it is provided by specialty lenders not bound by federal regulations. Unlike stated income mortgages, documentation is still required. Financial statements of self-employed income, business bank accounts, HST remittance, and business and personal credit limit and credit scores may all be accessed in the process. However, don't let this documentation keep you from applying. Using a brokerage to navigate the complexities of self-employed mortgages has clear advantages. They can help you find the right lender for your situation and help you get a great interest rate.

Circle Mortgage Offers Comprehensive Solutions And Great Mortgage Rates

Buying a house is already a difficult process - according to the Canada Mortgage and Housing Corporation, individuals are required to pay mortgage default insurance premiums if they don't have a sufficient downpayment. At our brokerage, we strive to offer clients the right solution for their needs. Whether you're inquiring about self-employed mortgages, traditional mortgages or a stated income mortgage, contact us today!

Apply Now

Trusted Lenders

Circle Mortgage Prides Itself On:

Affordable Services

Our brokerage works with our vast network, including connections in the bank and private sector, so that you don't pay a higher interest rate. Entrepreneurs know the value of a dollar. We are transparent and upfront about costs so you never have to worry about hidden fees.

Professional Team

Our staff specializes in a variety of mortgage loans. Not only are we committed to getting you a competitive and lower rate for your monthly mortgage payment, but we will share our knowledge and expertise to get a product that suits your needs.

Quality Solutions

We work with self-employed workers to help them qualify for a traditional mortgage. In addition to helping you with the required documentation, we offer quality strategies and solutions so that you have affordable and attainable mortgage payments.

Fantastic Interest Rates

Why pay more when you don't have to? If you have a good credit history and no outstanding debts, our goal is to provide mortgage applications with low monthly payments for their mortgage. We will work with both a bank and private lender to find fair interest rates.

How Self-Employed Mortgage can help you out?

Great interest rates

Professional and courteous service

Fast approval – even with little provable income

Get approved when others have turned you down

Become a homeowner and invest in an asset

Build equity in your home that you can borrow from in the future

Frequently Asked Questions

How reliable is a Mortgage Broker?

Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs. Mortgage Brokers primary expertise is locating funding for mortgage financing. They know where the best rates can be found. What’s more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.

Other than rates, why should I use a Mortgage Broker?

In addition to rates, because mortgage-based financing is the broker’s primary business, he or she has developed expertise in what type of mortgage financing each lender prefers to pursue. This kind of knowledge not only results in the most favorable rates for each project, but often whether a project is funded at all.

How do Mortgage Brokers Find Superior Rates?

Interest rates are a concern to borrowers. Because of their daily contact with lenders, brokers know which project or home attracts a favorable interest rate from one institution, but a higher rate at another. Some institutions, in fact, will only accept mortgage submissions from mortgage brokers. These rates, and preferences for types of mortgages, can change daily, depending on economic circumstances or based on the size of an institution’s portfolio in a particular type of mortgage. Your Mortgage Broker keeps current and knows which lender to approach first. As a result, mortgage rates obtained by Brokers are among the best available at the time of placement.

Want to learn more about how you can apply to get approved for your commercial mortgage?

Contact Circle Mortgage Group today!

Recent Blog Post

Bank Of Canada Reduces Policy Rate To 4.5%: What This Means For You

July 24, 2024

View Post

How To Find The Best Mortgage Broker In Toronto For Your Needs

June 24, 2024

View Post

The Ultimate Checklist For Choosing A Mortgage Agent In Toronto

June 10, 2024

View Post

View All Posts