Mortgages For Self Employed
“We have a mortgage for that!”
If you’re a business owner or self-employed, we have lending solutions for you at the markets most competitive rates
What makes the self-employed and business owners different from your ordinary T4 income, is the way earnings are declared. For this reason, if you’re self-employed or a business owner, your mortgage requirements will be slightly different
At Riley Boychuk Mortgages, we have been known to offer our self-employed and business owner’s market leading mortgage options that don’t require traditional third party income validation. Where this type of mortgage product typically will require a minimum down payment of 35%, we have alternative options that can be done for as little as 10% down.
This program is called the Sagen’s Alt. A Program.
Program details:
- The program will loan up to 90% of the purchase price.
- Competitive mortgage rates will apply.
- Insurance premiums may be slightly higher than standard insurance premiums.
- Available for both purchases and refinances.
Program requirements:
- Income stated must be reasonable.
- Minimum of TWO years as Self Employed or Business Owner.
- Strong credit.
- Must provide a minimum of 5% of your down payment from your own savings.
- Proof of no income taxes owed.
- With a larger down payment, lenders may be more flexible in qualifying you.
- Further requirements may apply on a case-by-case basis.
If you fall into this self-employed or business owner category, reach out to one of us today at Riley Boychuk Mortgages to learn more on what options apply to you.
Services offered by Burnaby Mortgage Broker
- HOME PURCHASE MORTGAGE Purchasing a home is often one of the biggest financial decisions one may make in their life.
- Refinance & Debt Consolidation Mortgage Do you want to tap into some of your hard earned home equity? Well, did you know that you can borrow up to 80% of your properties current market value!
- MORTGAGE PRE-APPROVAL A mortgage pre-approval is an initial fundamental step in the home buying process helping you secure today’s very best rate.
- MORTGAGE RENEWALS & TRANSFERS If you’re planning to renew your mortgage with your current lender, you are likely leaving opportunities to save money on the table.
- Purchase Plus Improvement Mortgages Have you just fallen in love with your forever home, but it needs work? Well, we at Riley Boychuk Mortgages have got a solution for you.
- Investment Property Mortgage You may be surprised to learn that you don’t need to be making 6 figures to own a second property.
- Mortgage For Vacation & Second Home Properties With as little as 5% down you could own your very own second home today.
- Mortgage Rate Negotiation It’s very simple, we provide each of our clients with the markets best rates, best products, and the very best service from start to finish.
- First Time Home Buyer Mortgage As a First Time Home Buyer, get started today with one of our mortgage experts and save a pile of cash.
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MORTGAGES FOR SELF EMPLOYED If you’re a business owner or self-employed, we have lending solutions for you at the markets most competitive rates.
- MORTGAGE CALCULATOR Have you ever wondered how you could save thousands of dollars on your mortgage while becoming mortgage free up to 7 years sooner?
- HOME EQUITY LOANS If you have built up equity in your home, a home equity loan will provide you a large lump sum of cash right at your fingertips.
- Home Equity Line of Credit (HELOC) Similar to home equity loans, a home equity line of credit (HELOC) uses the built-up equity in your home as a secondary source of funds...
- Private Mortgage Financing If you’ve got bad credit or more built-up debt than you would like, we have a solution for you!
- FIRST RESPONDER MORTGAGES As a valued First Responder, you are entitled to today’s very best rates with cash back incentives.
- REVERSE MORTGAGES It is said that almost 8 in 10 Canadians that are over the age of 55 report saying that they can’t solely rely on their registered savings plans...
Riley Boychuk - Mortgage Broker offers Mortgages for Self Employed to clients across Lower Mainland, & Greater Vancouver Area including Vancouver, North Vancouver , West Vancouver , Richmond , Burnaby , New Westminster , Coquitlam , Surrey, Delta , Langley, Abbotsford, Chilliwack , Squamish, Maple Ridge, Kelowna, and Mission. Also serving across Victoria, Nanaimo, Campbell River, Port Alberni, Courtenay, Langford, Oak Bay, Saanich, Vancouver Island Area, Kelowna, Penticton, Kamloops, Osoyoos, Summerland, Peachland, Oliver, Okanagan Region, Cranbrook, Salmon Arm, Nelson, Castlegar, Trail, Kootenay Region, Revelstoke, British Columbia, Tsawwassen and the surrounding areas.
