Getting a New Home Mortgage in Canada when you are Self Employed will often be more of a challenge that if you were working for a company.
There are plenty of reasons for this, but that does not soften the blow when you find out that you do not qualify for a Home Mortgage at your local Bank. Being Self Employed is becoming more and more popular with today’s economy and job cutbacks. Whether this is your situation or you just want to be Self Employed to be your own boss we can help.
We have programs that are more flexible that those at your Bank such as Stated Income Mortgages, Low Documentation Mortgages, Score Only Mortgage Programs and more.*
With the new CHMC Regulations on Self-Employed Mortgages, IMM Financial can give you somewhere to turn. Housing needs for 20 per cent of Canadian individuals and families cannot be met by the marketplace. To help, CMHC works with its government, industry, and non-profit partners to improve access to affordable housing for these Canadians.
Under the IAH, provinces and territories match CMHC’s investment and report to their citizens on how they are using the funding to improve access to affordable housing.
You can find the reporting done by your province or territory here.
Find out more about the affordable housing programs offered by your province or territory: