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Announcement for self-employed borrowers

General Trish Pigott 19 Jul

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.