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Old 07-23-2010, 10:19 AM  
spunky99
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Join Date: Jan 2004
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Quote:
Originally Posted by Elli View Post
You know what's interesting? I was just talking to a mortgage broker yesterday. She said that banks right now in CANADA are looking to lend mortgage loans to entrepeneurs. That old requirement that you have 3 - 5 years of tax forms to prove your income if you're self employed? They don't care any more. If you've got enough gumption to strike out on your own, the banks LOVE THAT and want to get you into a mortgage.

Now, call me crazy, but that sounds like Canada's own version of a subprime / nodoc/l lowdoc crisis.
have u tried to get a mortgage tho? i had to give them every piece of my info for the last 5 years, and i put down a very large down payment.. its not easy to get a mortgage no matter what a mortgage broker says, its their job to get u to do it.. so of course shes gonna say its easy
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