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How do I secure a mortgage as a self-employed buyer?

Today, there are so many individuals who are self-employed or are working in the underground economy that the conventional criteria in being approved for a home mortgage do not apply.

If you do not have a T4 confirmation of employment income, then shopping for a mortgage through the many self-employed programs is a very confusing and tricky process. A pre-approved mortgage presents you as a much more serious buyer to sellers and real estate agents, especially if you become involved in today’s commonplace bidding wars. If you want to win the battle, though, removing all conditions such as satisfactory financing is mandatory.

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