CMHC makes favourable announcement regarding self-employed borrowers
CMHC is giving lenders more guidance and flexibility on determining whether a self-employed person qualifies for a mortgage
OTTAWA — Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage.
The national housing agency says it’s giving lenders more guidance and flexibility to help self-employed borrowers.
Self-employed Canadians may have a harder time qualifying for a mortgage as their incomes may vary or be less predictable.
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