B Lender Stated Income Product
Are you newly self employed for just 6
months?
Don't have a Notice of assessment?
Need to state your own income since it
is hard to prove actual income?
We have a program for you:
-
Just prove you are self employed by way of
invoice, business license, contract letter, articles of inc.
-
Down payment to come from a gift, own
savings or a vendor take back to 90% LTV.
-
40 year amortization available.
-
GDS 50/50
-
No Notice of Assessment required.
-
Discharged from bankruptcy one day is ok.
-
Income just needs to make sense
for your industry.
500 beacon score = 30% down payment
550 beacon score = 25% down payment
600 beacon score = 20% down payment
While the main banks are tightening up the
criteria for BFS applicants, we have a lender that is loosening up the
guidelines.
Terms available from 1 year to 5 years.
Call and see what amount you will qualify for.
Why Protect a mortgage?
Another real life story.....
In April 2005, John and Mary bought a
new home. At the time they were married and in their late 20's with a
beautiful daughter. They enjoyed living in their new home for almost one
year when they were blessed with twins.
Everybody arrived home from the hospital happy
and healthy. Seven days later Mary was rushed to the hospital having
had a brain hemorrhage. She passed only 8 days later.
Thanks to their forward planning, John and
their young children were able to worry about what's important, and John
didn't need to rush back to work just so they could make their next
mortgage payments.
**Actual names were changed
At Canada Mortgage
Choice, we offer
MPP with every mortgage application.