Part Time Or Variable Employment Mortgages

Matthew Jackson Self Employed Mortgages

Your employment status means more to a lender than you may think. Your status is a strong indicator of your employer’s commitment to your continued employment. There are many differences when it comes to variable income and part-time work for getting approved for a mortgage.  In this blog post, I’ll explain what both of them mean, what the lenders want …

Woman on a tablet in a home office, highlighting self-employed mortgages

Self-Employed? I Have Great Mortgage Options for You!

Matthew Jackson Self Employed Mortgages

Traditionally, when you’re self-employed and applying for a mortgage, you’ll likely face more obstacles than someone who earns a regular salary through an employer. If you can prove your income, show you’re up-to-date on your taxes and you have solid credit, however, your chances of being approved for a mortgage are greatly improved. Self-employment numbers continue to grow steadily. Statistics …

Self Employed Mortgages and Income

Matthew Jackson Self Employed Mortgages

Here is a good introduction and some information on self employed mortgages. As a Sole Proprietor the basic guideline the banks go off of would be a two year average of your line 150 income. What that means is your income after all of your write offs showing on your notice of assessment line 150. So if your gross income …