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How did I get a mortgage as self employed in Canada 🇨🇦🏡

Canada

Mortgage

Self-employed

Contract workers

Bank

Rejection

Proof of income

Credit score

Financial stability

Traditional banks

B-lenders

Alternate lenders

Loan application

Down payment

Interest rate

Amortization period

Debt-to-income ratio

Refinance

Home equity

Pre-approval

Appraisal

Closing costs

Property tax

Qualifying income

Gross income

Net income

Tax returns

Business income

Employment letter

Credit report

Credit history

Debt consolidation

Автор: Grow with Nav

Загружено: 2023-05-14

Просмотров: 6122

Описание: This video explains how self-employed or contract workers can get a mortgage in Canada, including the challenges they may face and why they may be rejected by traditional banks. We introduce B-lenders, also known as alternate lenders, and discuss why they may make sense for those who have been rejected by a bank. By the end of the video, viewers will have a better understanding of their options when it comes to obtaining a mortgage in Canada.

I help First time home buyers & investors make smart realestate decisions based on numbers and not emotion. Want to book a call 👇 (It's free 🥳)
https://www.growwithnav.com/book-a-call

Mortgage Fraud Video:    • Mortgage FRAUD in Canada | The consequence...  

Timestamps
00:00 - Intro
00:50 - Why was I rejected by a Bank?
03:03 - What people do if Banks Reject?
04:17 - What should we do if Banks Reject?
04:49 - Prime Vs. Alt Lenders
07:19 - Should you even go Self-Employed?
07:53 - Why do ALT lenders make sense?
10:55 - Final Thoughts
I am a licensed mortgage agent M21004312 working with Dominion lending centres, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs. I can help you with your housing needs across all provinces in Canada (except Quebec).

I help First time home buyers & investors make smart realestate decisions based on numbers and not emotion. Want to book a call 👇 (It's free 🥳)
https://www.growwithnav.com/book-a-call

Get up to $3,000 in cash to trade stocks or crypto commission-free! Use this code 91NX5W or the link below to sign up 🙌 https://my.wealthsimple.com/app/publi...

MORE ABOUT ME 👇
My mission is to provide you with actionable content that enables you to build your wealthand live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel.

Subscribe if you are interested in:
#Realestate
#StockMarket
#Stocks
#crypto
#business
#moneymanagement

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

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How did I get a mortgage as self employed in Canada 🇨🇦🏡

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