Self-Employed but Need a Loan? 7 Things You Need to Know + MORE Aug 25th

Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News

CMHC says annual pace of housing starts slowed in September Oct 10th

The annual pace of Canadian housing starts fell to their lowest level in nearly two years in September. Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate came in at 188,683 units last month, down from 198,843 in August..... More »
 home equity

California's Mortgage Raid + MORE Sep 24th

Jerry Brown and the Legislature refuse to honor a court order..... More »

Q3 2018 Bank Earnings – Mortgage Morsels + MORE Sep 12th

The dust has settled following the latest round of big bank earnings, which unveiled another solid quarter and record earnings. The new B-20 regulations and higher interest rates so far appear to be having little effect on mortgage growth, with RBC reporting that customers are “self-adjusting.... More »

DLC Takeover Bid Collapses Dec 21st

Unexpected drama is unfolding with one of Canada’s leading mortgage brokerages. Back in September we reported how DLC was making a play to retake control of itself from Founders Advantage Capital Corp (FA). The deal was to lead to increased investments in broker technology and new acquisitions of .... More »
 line of credit

5 Quick Reasons Why You Should Buy a Home Now During the Off-Season + MORE Jan 11th

Though the real estate market is nowhere as hot as it was, let’s say, two years ago, the fact of the matter is that home prices are going down, and some people are still looking to buy. Rising interest rates and a stricter mortgage stress test may have led to a decline in affordability, but i.... More »
Honoured to be rated among Top 3 Best Mortgage Brokers in Burlington!
I truly love what I do, so being recognized as a top performer is just icing on the cake for me!
I’m honoured to be named among the Top 3 Mortgage Brokers in Burlington by Three Best Rated®, which identifies a city’s top three local businesses, professionals, restaurants and health care providers.
Only verified businesses are included in the list, and a 50-point inspection determines the top companies by looking at everything from reputation, history and complaints to ratings, satisfaction and trust.
Businesses never pay to be listed simply because if you can pay to be part of a list, then how are you really one of the top businesses?
Thank you to my amazing clients and loyal readers! I wouldn’t be able to achieve excellence without you!
I enjoy helping educate Canadians on the value of using a mortgage broker when making among the largest purchases of your lifetime – buying real estate!
Your best interest is my only interest. I reply to all questions and I welcome your comments…

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Self-Employed but Need a Loan? 7 Things You Need to Know
Being self-employed has its pros and cons: you may have a more flexible schedule, but you also have a lot more responsibility, especially when it comes to managing your own finances.
According to Statistics Canada, 2.8 million people were self-employed in 2017. And with the swelling ranks of the self-employed, you’ll likely find many lenders are weary of handing out money to those who don’t fit their idea of the “perfect borrower” with a steady, predictable income. Banks and lenders are not always too fond of risk, so as a self-employed borrower, you’re going to have to convince them that lending to you isn’t as risky as it seems, and that you can pay your debts on time.
Maybe you’re looking to refinance credit card debt with a personal loan or trying to get a mortgage – here are some things you should know about qualifying for a loan when you’re self-employed.
1. Apply before you quit your day job
First and foremost, if you still have a 9-to-5 job, you may want to apply for refinancing or that personal loan or that auto loan or that mortgage before leaving your current position…

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