Self-employed individuals can qualify for mortgages through specialized programs that don't require the standard 20% down payment, as major banks typically lack specific programs for self-employed borrowers; working with an experienced mortgage agent who has access to these alternative programs can help self-employed individuals get qualified for a mortgage even after being declined by major banks.
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How to actually get a mortgage when you work for yourself #SelfEmployedMortgage #CanadaRealEstate
Added:Most of the major banks don't have programs for self-employed individuals.
They don't cater to them, but there are programs out there where you don't always need 20% down. So, for those that are self-employed, that have gone to your major bank and been declined, that's not surprising, but you're not lost. Speak to an experienced mortgage agent that has access to these specific programs and they'll be able to help you get qualified.
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