• How to Get a Mortgage When You're Self-Employed

    2 monthes ago - By RIS Media

    While more and more Canadians are turning to self-employment in an ever-changing economy, it can be intimidating to consider homeownership when you're self-employed. The regulations are tighter for freelancers because income is less consistent and reliable than typical full-time employment, but that shouldn't discourage you from pursuing homeownership.
    Save for a larger than usual down payment. A 20 per cent down payment might be fine for someone applying for a mortgage with regular employment without having to purchase mortgage insurance. For freelancers, that number goes up to 35 per...
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