Mortgage Agent Mississauga
  • Are you self-employed and finding it challenging to arrange competitively-priced mortgage financing for your home?
  • What does ‘self-employed’ mean?
  • How we can help?

Mortgage Diligent’s Self-Employed Mortgage could be ideal for you regardless of whether you are a business owner or self-employed. We can help you fund your new home or leverage the equity in your existing home.

If you run your own business and take complete accountability for its success or failure, you can define yourself as self-employed. This business may be a sole proprietorship, partnership, or corporation. As long as you own 25% or more of the company, lenders will consider you self-employed. Lenders are pretty resilient when it comes to the division in which you work. Almost all professions are acceptable as long as the business is viable and the income sustainable. You could be an Insurance Broker, IT Contractor, Real Estate Broker, Construction Business owner, Trucking Business owner or have an online business, to name just some examples.

Hiring a mortgage broker like Mortgage Diligent saves you the trouble of the application process and gives you access to a broader pool of lenders, including specialist lenders not available on the high street, which can, in turn, improve your chances of getting a mortgage. Our experienced agents also know when and where great mortgage deals are found and which lenders would examine your request based on your circumstances before you even start.

Below are certain things you can do to increase your chances of getting a mortgage if you are self-employed:

  • Save more for a reasonable deposit or, if you are a homeowner, it will help in having a good amount of equity in your existing property.
  • Have a healthy credit score.
  • Review your credit report and fix issues, if any.
  • Have a look at your accounts and make sure they are up-to-date and in good order.
  • Hire an accountant to manage your self-employed accounts.

At Mortgage Diligent, we specialize in serving as mortgage brokers for self-employed applicants. We know how different lenders – from the big high-street banks and building societies to smaller, more specialist lending companies – make these assessments. As self-employed mortgage brokers, our experts can help you find the right self-employed mortgage on the market to meet your specific needs and circumstances.

For example, self-employed individuals show tax write-offs, so the recorded income is low, making it difficult for you to get mortgages from banks. Instead, we have particular lenders and solutions that help to approve your mortgages. We help you in approving mortgages with less documentation and fewer formalities. Additionally, we have lenders that help fund you even with low income, bad credit, or prior bank refusals with our special tie-ups.

Serving clients across Mississauga, Oakville, Etobicoke, Brampton, Whaley's Corners, and the surrounding areas.

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