Tough Government Regulations For Self Employed
Mainstream lenders have tightened self employed qualifications, as a result, many self-employed borrowers who tax-manage their earnings (i.e., don’t pay themselves enough salaries or dividends) will find mainstream stated income programs ineffective.
We understand that each customer is unique, and we pride ourselves on providing a personalized, hassle-free experience. We offer flexible income verification, and every application is reviewed by a person, not a computer.
Most of our customers usually fall into one of a few groups:
- Small business owners who cannot prove enough income to qualify
- with a major bank;
- New immigrants to Canada who do not have a credit history;
- Homeowners who have built up equity in their property but do not meet income requirements of the major banks; and
- Canadians with former credit difficulties that have since been resolved, including discharged bankrupts.