Having problems qualifying due to increased prices? Don't dispair, help is here!
Many would-be buyers are being priced out of the market. For Canadian homebuyers stuck on the income obstacle, the latest mortgage news on the street will come as a delightful shock. The newest mortgage does the unthinkable: it doesn’t require you to show your income records. In fact, there is no income declaration, and no Notice of Assessment. It doesn’t even include your income as a factor in qualifying you for your mortgage.
So how does it work? Simply put, if your credit is good and you have 10% down, we can approve you for up to $700,000. That's right $700,000 with a simple credit check and downpayment.
So how does the lender assess whether you’re a good credit risk? They look at your credit history. If you have consistently paid your bills and your loans then you’ve demonstrated the kind of financial responsibility that suggests you can manage your mortgage. You’ve taken on debt that you said you could manage, and you’ve kept your word with your lenders. That’s the record your mortgage lender will rely on, although they will also verify your employment and assess the loan amount based on your field of work. The new mortgage option may be the best news yet. Now, you can get a quick and easy mortgage.
Don't wait, Start enjoying your new home today!
www.NotaPennyDown.com