Experts Questions and Answers
Hi I am a self employed individual working in the film industry. I make about $30,000 a year sometimes more. I was wondering if I have saved a huge downpayment, will it be easier for me to get a mortgage. I have saved up $40,000 and my parents are willing to lend me an extra $20,000 and I am looking for a home between $220,000-$280,000
Posted by Kent Hau to Cory Kline, AMP ::
Views (5973)
I have advised and helped other clients in Barrie, who work in the North American film sector, with obtaining a preferred mortgage offer.
I would be happy to get you an approval based on your self employed income. If you could aim for a 20% down payment, we could likely get you an excellent mortgage rate, lots of flexibility, and no CMHC cost.
Also, I could likely get you approved with as little as 5% down, however a fair sized CMHC premium would be added to the mortgage. But you may receive the same mortgage rate and terms.
Why don't you try sending your information directly to my desk via...
www.mortgageandlifestyle.com/how-to-apply-mortgage
Once I have reviewed your information, I will start to design your Home Buying Plan, and we set an appointment to discuss your options.
Talk to you soon,
Cory
DISCLAIMER:
While we do our best to ensure the accuracy and integrity of information on our website, the opinions and advice published here are provided by outside individuals, and in no way reflect the opinions or legal position of the company, and are not intended to replace sound professional or legal advice. The company, website owners, developers, sellers or resellers will in no way be held accountable or liable for advice or opinions published here by outside parties (experts or consumers).
