 We
are extremely pleased to be able to provide for the needs of our clients
who happen to be self-employed or working as 100% commissioned sales
people.
If you fall into one of those categories, you may be able to borrow up
to 95% of the appraised value of your home through The RBC Self-Employed
Mortgage.
All you need to qualify is a good credit history and you must have been
in business for more than two years. Traditional financial statements and
verification of income are not even needed. All we require is a business
license or your Articles of Incorporation as well as your most recent
Notice of Assessment to ensure that your taxes are up-to-date.
If you happen to be a commissioned sales person all we need is a T4 or
a Letter of Employment to verify that you have received two continuous
years of 100% commission.
The RBC Self-Employed Mortgage makes it easy to arrange financing for
the purchase of a home or the refinancing of an existing home for clients
who cannot provide traditional income verification documents.
 This
is a good opportunity for you to leverage the existing equity in your home
to renovate, consolidate debts or finance other needs.
We have very flexible payment options which will allow you to choose a
payment frequency that best matches your cash flow and still provide you
with the chance to pay down your mortgage faster. For example, you can
double-up the mortgage payment (minimum $100 to the equivalent of the
monthly payment) on any or every payment date. You can also increase
mortgage payments up to 10% once every 12 months. Finally, you can pay
down up to 10% of the original mortgage amount once every 12 months.You
can even extend the amortization period up to 40 years.
I look forward to
meeting with you to discuss your particular situation. Once I have all of
the information I need, I will show you how you can have both the
flexibility in budgeting and peace of mind as you move forward with your
new home purchase or your mortgage renewal.
Give me a call today to find out more about the RBC Self-Employed
Mortgage. |
