1. Stable source of Income
2. Low Credit Score
3. Low down payment
4. Family Situation

The stable source of income is the key factor what influences money lenders decision to approve funding to the borrower. In recent times the lenders are keen to lend funds to salaried borrowers rather than self employed borrowers. The money lenders scrutinize in more details for self employed borrowers rather than salaried borrowers. The employers need to comply with Federal and provincial laws for the employees while there is limited governing factors for self employed borrowers, this is the key reason why the salaried individuals get mortgages approved much quicker than the self employed individuals.

Therefore it is important to plan and structure your financial position to ensure you meet the requirements if you are looking to borrow money in near future. For a personalized review of your position you are requested to get in touch with us and our team will be happy to assist you.