If you are self-employed, this new announcement could be really good news! Canada Mortgage and Housing Corp. is making changes in hopes to make it easier for you self-employed borrowers to qualify for a mortgage. “The national housing agency says it’s giving lenders more guidance and flexibility to help self-employed borrowers.”
However some of you may have a harder time qualifying for a mortgage if your income vary’s, making it less predictable for lenders. Click here to read the full article on this announcement.