Secure a Self-Employed Mortgage in Alberta
As a self-employed individual in Alberta, obtaining a mortgage can be a challenging process. However, with the right approach and guidance from a knowledgeable mortgage agent, you can still secure the financing you need to buy your dream home.
At Enrich Mortgage Group, we understand that being self-employed can present unique challenges when it comes to qualifying for a mortgage. That’s why we offer specialized services to help self-employed individuals navigate the mortgage process with ease. Our team of experienced mortgage professionals can help you assess your financial situation and determine the best options for securing a self-employed mortgage in Alberta.
How To Qualify for a Mortgage When Self-Employed in Alberta
Individuals who wish to be eligible for a self-employed mortgage in Alberta must satisfy specific criteria. These include:
- Owning 25% or more of the business
- Maintaining a credit score of 650 or higher
- Having a low debt-to-income ratio
- Providing financial statements of your business
- Demonstrating payment of your HST and/or GST in full
- Providing bank statements
- Providing Notice of Assessment for the previous 2-3 years
Why Choose Enrich Mortgage Group
One of the best mortgage companies for self-employed people in Alberta is Enrich Mortgage Group. Here’s why:
- Access to multiple lenders: We have relationships with the best mortgage lenders for self-employed mortgages in Alberta, which means they can shop around for the best rates and terms on your behalf.
- Flexible mortgage solutions: Alberta’s self-employed mortgage rates can vary depending on different factors such as credit score, down payment amount, and the lender’s criteria for approving loans. That’s why we offer a variety of mortgage options to suit the unique needs of self-employed borrowers.
- Competitive rates and fees: We offer competitive rates and fees, which can help you save money over the life of your mortgage.