Buying a Home While Self Employed | Real Estate 101
Tags: how to qualify for a mortgage when self employed, home buyer self employed, self employed mortgage, self employed tips, how to become self employed
IMPORTANT INFO FOR SELF EMPLOYED RESIDENTS OF CANADA!
Here's how to qualify for a mortgage when you're self employed + other valuable tips and tricks by Lora Behm, a mortgage broker in Durham Region.
416 706 2307
Books Lora Recommended:
The Automatic Millionaire by David Bach
Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter
0:00 Intro: Meet Lora
0:35 What Did Lora Do Before Mortgages?
2:25 Can You Get Around the 2 Year Approval Process?
3:16 Important Tax Info
4:08 Common Mortgage Challenges Self Employed People Have
5:00 Non-Incorporated vs. Incorporated
6:32 Does it Matter if it's a Holding Company?
8:06 Longer Finance Clauses
8:44 Getting Around the Stress Test
9:38 Equity, Assets and Liquid Savings Owned by Your Business
10:43 Bank Statements Necessary
11:52 Outstanding Invoices
12:28 Guarantors and Cosigning to Get Qualified
13:30 Planning to be Self Employed or Self Employed Recently
14:39 Insured Mortgages for Self Employed People
15:21 Tips for Becoming Self Employed
16:16 Income Properties vs. Primary Home
19:23 Can You Use Income From Non-Legal Income Property?
20:47 Online Preapprovals vs. In Person
21:12 Trying Different Programs and Lenders
22:12 Recommended Books