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CMHC Announcement regarding Self-Employed Borrowers

  • Writer: TACG
    TACG
  • Jul 30, 2018
  • 1 min read

As of October 1st, Mortgages will have more flexibility when it comes to Self- employed borrower qualifying. There will be a broader range of accepted documentation to justify employment and income requirements.


The national housing agency claims that it is providing lenders more guidance and flexibility to help self-employed borrowers. Up until now, self-employed Canadians may have had a harder time qualifying for a mortgage, due inconsistent and less predictable incomes.


The Appraisers Consulting Group of Canada

 
 
 

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