Here's how to qualify for a mortgage when you're self employed + other valuable tips and tricks by Lora Behm, a mortgage broker in Durham Region.

CONTACT LORA:

416 706 2307

CHAPTERS:

0:00 Intro: Meet Lora

0:35 What Did Lora Do Before Mortgages?

2:25 Can You Get Around the 2 Year Approval Process?

3:16 Important Tax Info

4:08 Common Mortgage Challenges Self Employed People Have

5:00 Non-Incorporated vs. Incorporated

6:32 Does it Matter if it's a Holding Company?

8:06 Longer Finance Clauses

8:44 Getting Around the Stress Test

9:38 Equity, Assets and Liquid Savings Owned by Your Business

10:43 Bank Statements Necessary

11:52 Outstanding Invoices

12:28 Guarantors and Cosigning to Get Qualified

13:30 Planning to be Self Employed or Self Employed Recently

14:39 Insured Mortgages for Self Employed People

15:21 Tips for Becoming Self Employed

16:16 Income Properties vs. Primary Home

19:23 Can You Use Income From Non-Legal Income Property?

20:47 Online Preapprovals vs. In Person

21:12 Trying Different Programs and Lenders

22:12 Recommended Books

Books Lora Recommended:

The Automatic Millionaire by David Bach

Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter