Canadian Banks | Forums | Terms of Use

Welcome to the Canadian Financial Forums forums.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   Canadian Financial Forums > Canadian Financial Forums > Real Estate and Mortgages
Reload this Page mortgage for self employed?
Blogs FAQ Community Calendar Today's Posts Search

Reply
 
Thread Tools Display Modes
  #1  
Old 02-13-2009, 03:24 PM
sunshine sunshine is offline
Member
  
Join Date: Jun 2008
Posts: 62
Default mortgage for self employed?
Can you get approved for mortgage if you are self employed and you have 20% down? Do you think self employment will be a problem?
__________________
sunny
Reply With Quote
  #2  
Old 02-18-2009, 02:24 PM
trent trent is offline
Senior Member
  
Join Date: Jun 2008
Posts: 387
Default
It might be in a near future. Actually getting any mortgage with less than 25-30% down payment might not be possible. I wonder who can afford to buy a $500K house (for this price you can't get a semi in a nice Toronto neighborhood) if the banks require 30% down? How many people have $150K laying around for downpayment?
__________________
No debt
Reply With Quote
  #3  
Old 02-19-2009, 02:54 PM
Canadian Canadian is offline
Senior Member
  
Join Date: Jun 2008
Posts: 415
Default
Yes, prudent lending will finish off the Canadian real estate bubble.
__________________
Bear with me please
Reply With Quote
  #4  
Old 02-24-2009, 12:41 PM
bullish bullish is offline
Senior Member
  
Join Date: Jul 2008
Posts: 155
Default
Quote:
Originally Posted by Canadian View Post
Yes, prudent lending will finish off the Canadian real estate bubble.
There is no real estate bubble in Canada. The US had one (mostly deflated now), but we never had their reckless financing and our housing prices are fair.
Reply With Quote
Reply

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT. The time now is 05:12 PM.

Contact Us - Archive - Top

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.