This E-Book helps you understand what the banks, trust companies and the other lender’s are looking for when applying for a mortgage. This E-Book will provide you the information needed to ensure you get the best mortgage rate and solution for your mortgage needs!
When it comes to mortgages, it gets tough when you are self-employed. Reducing your taxable income can make it challenging to qualify for the mortgage you deserve. We understand business owners because we are business owners ourselves!
Let our team of mortgage agents and brokers show you how our self-employed mortgage solution can get you approved today.
More then ever, Canadians are opting to work for themselves or work contract jobs with their existing companies rather than receive a yearly salary. There are many advantages to being self-employed, such as the ability to write-off many personal expenses. The downside to this is that it can often be challenging to get a mortgage through the big banks because they typically will not evaluate self-employed individuals with a common sense lending approach, instead, they focus on your income on line 150.
Citadel Mortgages understands this market well, and we offer our self-employed mortgage solution program to cater to the need’s of our self-employed clients, so be assured we have a self-employed mortgage solution for you!
In addition to reducing the amortization period and raising the minimum down payment required to purchase a home, in 2014, the Canadian Mortgage and Housing Corporation (CMHC) discontinued mortgages for those who are self-employed without third-party validation. Before that, self-employed Canadians and contractors only had to state their income. But not anymore.
This made the homeownership dream for hundreds of thousands of Canadians more difficult. That’s because 2.76 million Canadians are self-employed; a whopping 15% of the country. Moreover, more and more Canadians step into the ranks of the self-employed every year.
Unfortunately, big banks don’t help entrepreneurs and view them as risky. Because you are a self-employed entrepreneur and might draw a smaller income for tax purposes, the banks think there’s a higher chance that you’ll default on your mortgage.
At Citadel Mortgages, we pride ourselves in being experts when it comes to arranging self-employed mortgages because we are self-employed just like you. If you are a Self-employed, we have a mortgage solution for you.
See how you can save and become mortgage-free sooner
Calculate how much you’d spend each month to buy a home or renew or refinance your mortgage.
Start thinking about how much you spend each month, create a budget, and start saving up for your home.
Copyright © 2018 Citadel Mortgages
Head Office – 150 King Street West 2nd Floor Suite 335, Toronto, ON M5H 1J9
Alberta Office – 421 7th Avenue S.W., 30th Floor, Calgary, Alberta, T2P 4K9
Nova Scotia Office – 1701 Hollis Street, Suite 800 Halifax, NS B3J 3M8
Saskatchewan Office – 2010 – 11th Avenue 7th Floor Regina Saskatchewan S4P0J3
Newfoundland Office – 1 Church Hill – Suite 201-522 St. John’s Newfoundland A1C 3Z7
New Brunswick Office – 500 St George Street, Moncton NB, E1C 1Y3
British Columbia Office – 900-2025 Willingdon Avenue, Burnaby BC, V5C 0J3
Montreal Office – 1155 Rue Metcalfe #1500, Montreal, QC, H3B 2V6
Citadel Mortgages is licensed in the following: Ontario FSRA 12993 – Saskatchewan FCAA 509446, Nova Scotia 2021-3000010 – Alberta, PEI, Nunavut, Newfoundland 21-07-CI083-1. New Brunswick 210031130, British Columbia X301267, Quebec AMF – 3003071684
All rights reserved
“Instant Approval, Conditional Approval, Pre-Approval” – Borrower subject to credit and underwriting approval. Not all borrowers will be approved for conventional financing or equity financing. Receipt of the borrower’s application does not represent an approval for financing or interest rate guarantee. Restrictions may apply; Annual APR is subject to approval and underwriting; APR includes all fees and rates calculated on a yearly term. APR varies; contact us for current rates or more information on a specific product. OAC. Citadel Mortgages. All
discounted mortgage products may be subject to an exclusivity agreement between
the applicant(s) and Citadel Mortgages. We thank you for your continued
support and look forward to providing our beloved customers with an unparalleled
level of service, ethics, and deal transparency. Please note some rates are based on province and are subject to change at any time. Please note not all rates are available in Quebec, please contact us to confirm your rate approval.
®™ Trademarks of AM Royalties Limited Partnership used under license by AIR MILES Loyalty Inc. and Citadel Mortgages
Esso and Price Privileges are trademarks of Imperial Oil Limited. Imperial Oil, licensee. Mobil and Speedpass+ are trademarks of Exxon Mobil Corporation or one of its subsidiaries. Imperial Oil, licensee. For terms and conditions, visit fbet-ca.com