The Self Employed and Private Mortgages
When you’re self-employed, a private mortgage can be your best friend. Private mortgages are loans that are financed through a private individual or organization that are not a bank or other lender. You may have seen advertisements for homes with the banner ad “Owner-Financed” splashed across it – that’s a simple way of saying that property comes with the offer of a private mortgage. And when you’re self-employed, it can be just what you’re looking for.
Read moreIs a Secured Line of Credit the Only Way to Complete Home Renos?
So you want to add onto your home. Or redo your kitchen, or your bathroom. You need the extra space and you know that it will add a lot of value to your home. The problem is that you don’t have the extra cash laying around in your bank account to do it. So, what’s a homeowner to do?
Read morePart 2 – Differences in U.S. and Canadian Mortgage and Housing Markets
Part 2 – Why Canada didn’t suffer the same economic troubles as the US.
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Conservative Government New Canadian Mortgage Rules Now in Effect
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