Scenario: Purchasing a townhome with 5% down-payment
Mortgage Required: $500,000 1st Mortgage
Obstacles: The borrower has been self-employed for 4 years and incorporated 2 years ago. Client is paying himself dividends from his company.
What we did:
- Approved the client based on dividend income declared on his NOAs
- With verified income we were able to approved the mortgage with 5% down
- Client got the best rate available
Key Points:
- We can use self-employed income from
- business (sole proprietor),
- salary from company,
- or corporate dividends
- We can use down-payment coming from the business account
- We can provide financing with as little as 5% down on verified income deals
- Find out what our clients say about us! Click Here
Got Declined?✗
At NMW will find a way to get it APPROVED!✓
Give us a call today 604-800-1660