Self employment and home financing

Don’t you love working for yourself? You work the hours you like, your income ceiling is immeasurable, and everyday you get to build the adventure that is your life. It’s the best of all worlds. That is, of course, until you try to qualify to buy a home. The bank tells you that because your accountant has written down your income, you don't qualify to buy the house you want. What a joke! You work hard to save a nice down payment and just because you don't want to fork a bunch of it over to the taxman, the bank declines your mortgage!
We can help! We have lenders and insurance companies that LOVE self employed borrowers. Rather than looking at what kind of income you claim, they look at the fact that you sustain yourself with your own business and that you have a down payment. The better your credit score, the less you have to put down and you can qualify for the best discounted rates on the market.
Don’t let the bank crush your dreams of home ownership. Know the numbers and let us help you build a strategy for owning your dream home faster!

To rent or to buy, that is the question

In today's market there are a lot of questions about whether renting or buying is better. Here is a little scenario about the differences. If a couple currently rents a 3 bedroom town home for $1500 per month, it is better for them to buy than to rent. Consider this, if they were to buy a $300,000 townhome and put a 5% down payment, their monthly payment would drop to $1345 per month and they would end up paying almost $30,000 down on the mortgage in 5 years. Even if the market were to not change at all, that is $30,000 of forced savings in the form of equity. If they were to continue renting, the couple would spend $90,000 and have nothing to show for it at the end of 5 years.
With interest rates inevitably rising in near future, this is the perfect time to secure a low interest rate for a home purchase. Lenders can hold rates for up to 4 months so that shopping for a new home can be easy. Knowing the numbers upfront saves everyone from stress and disappointment, and working with a mortgage broker is a free service! Call us today and we can have your clients pre-approved in less than 24 hours.