CMHC making it easier for self-employed borrowers to qualify

Canada Mortgage and Housing Corp. is making changes so that it’s easier for self-employed borrowers to qualify for a mortgage.

Self-employed Canadians are a significant part of our work force. They have a harder time qualifying for mortgages since their income may vary and can be less predictable. The changes taking place on October 1st will provide more guidance and flexibility to lenders to help self-employed borrowers obtain a mortgage. A broader range of acceptable documentation will increase flexibility for satisfying income requirements.

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4.9

Tristar Funding Corp. o/a The Mortgage Centre

Danielle Kitts

18:31 30 May 17

Working with the team at Tristar Funding Corp The Mortgage Center in Kitchener to secure our mortgage was quick and easy. We worked with Chelsea who was able to answer all of our questions and helped us every step of the way. She was able to secure us a great rate with excellent conditions. She provided us we lots of information and advice on our mortgage options as well as helped us better understand our first time home buyer and land transfer tax possibilities. She also took the time to work with us to show us the cost benefits of putting different down different size down payments and fixed vs variable mortgages. We would definitely recommend the mortgage center team to help you find the mortgage that is right for you! Thank you to Chelsea and her team for helping us buy our new home.

Chris Perkes

19:30 07 Nov 17

Had a great experience dealing with Rick and Katie. They kept me in the loop all the way through a fairly complex refinance and purchase of some rental properties. thanks again.

Paulette Kydd

20:21 19 Oct 17

Excellent customer service. Very knowledgeable and patient staff. Extremely satisfied customer for over 19 years!!

Jasen Frederiksen

20:35 06 Sep 17

Chelsea was super helpful when answering all my many questions and was always very quick with her email responses. I got a fantastic rate on my mortgage and it was a hassle free experience. Thanks!

Elysia Duncan

22:41 16 Aug 17

As first time homebuyers, my husband and I didn't know what to expect when it came to getting our mortgage. Rick, Chelsea and their team made the process very easy! I most definitely recommend The Mortgage Center to anyone looking for a mortgage!

Bethany Kadarian

15:29 04 Jan 18

We had a great experience here. Paul worked hard to get us our mortgage at a competitive rate. What's more impressive however, is how helpful he has been though the entire process-including follow up questions months later. He is knowledgeable and clearly experienced in his field.

Michelle T

15:59 23 Jan 18

awesome broker always makes sure we get a great rate and makes the process as easy as possible. thx

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