Susan Paulsen | Edmonton Real Estate

Edmonton Real Estate News


780-990-7657
Blogs
Posts By Date
Categories

Business for Self Mortgage Insurance Program


Overview
This program is designed for self-employed borrowers
who are unable to provide traditional income verification
but have a proven 2-year history of managing their credit
and finances responsibly. Eligible borrowers typically own
a small size business for a minimum of two years, which
can be confirmed via a third-party arm’s length document.
In addition, the borrower is required to declare their
annual income and annual business revenue, which should
be reasonable based on the industry, length of operation
and type of business.
Self-Employed Borrowers can:


• Benefit from the convenience of reduced income
confirmation requirements


• Gain greater access to homeownership and home equity


• Benefit from reduced monthly mortgage payments


• Take advantage of low down payment options and
dedicate capital to their business


Contact Susan for more info

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Copyright 2019 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.