Wednesday, November 19, 2008

Self Employed Mortgage

Did you know that some lenders just relaxed the documentation requirements for Self Employed Mortgage?

As has always been the case, an NOA (CRA Notice of Assessment) is not required and they are no longer requesting that you provide documentation to prove that you are 2 yrs BFS (Business for-self).

They are only requesting that my BFS clients sign a declaration at the lawyer's office that confirms the following:

  • that you are self employed for a minimum of two years or are self employed and have worked in this same industry for a minimum of two years
  • your income is as declared on your application
  • that you do not owe any federal or provincial taxes

Click here to visit my website where you can apply online to get started and I'll do my best to get you approved fast.

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Thank you!

Joe Malek

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