Self-employment can be a rewarding and fulfilling career choice, but it can also present unique challenges when it comes to financing and qualifying for a mortgage. As a self-employed individual, you may be wondering about the process for purchasing a personal or investment property and what steps you need to take in order to secure financing.This episode focuses on how to get a mortgage if you are a business and or are self employed. Today we will be exploring the process of buying a property as a self-employed individual and discuss the key considerations when it comes to financing and qualification. We will also delve into a discussion with our special guest and mortgage agent, Nick Tavernese with Dominion Lending, to gain a deeper understanding of the process and what you can expect as a self-employed individual looking to purchase a property.
In this episode of "Realty Bytes: Conversations on Real Estate and Lifestyle," host Evelyn Lopes sits down with guest Walid Mutahar, a mortgage agent, to discuss mortgages, refinancing and money.
The episode begins with a brief introduction of Walid, who shares his expertise and experience in the mortgage industry. He then goes on to explain what mortgage refinancing is and how it can be a valuable tool for homeowners to lower their monthly mortgage payments, access equity, or consolidate debt. Walid also discusses the various types of refinancing options available and how refinancing can help lower monthly payments, access equity, or consolidate debt.
The conversation then shifts to address the question of whether self-employed individuals can qualify for a mortgage or refinance their existing mortgage. Walid provides valuable insights and tips on how self-employed individuals can navigate the process and improve their chances of success.
Next, the episode delves into the costs and interest rates associated with mortgage refinancing. Walid provides a comprehensive breakdown of the various fees involved, such as appraisal and legal fees, and discusses how interest rates are determined based on market conditions and the borrower's creditworthiness.
Overall, listeners of this episode will gain a better understanding of the uses, processes, benefits and considerations of mortgage refinancing. With Evelyn's insightful questions and Walid's expertise, listeners will learn about the costs, interest rates, and opportunities available to help them make informed decisions about their mortgage refinancing needs.
Check out the podcast to learn about Mortgage refinancing whether you are renewing your mortgage or looking to refinance your existing mortgage this is the episode for you!
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Contact information:
Nick Tavernese | Dominion Lending Centres Clear Trust Mortgages
416-573-2641
nicktavernese@cleartrust.ca
Evelyn Lopes | The Evelyn Lopes Realty Team | iPro Realty Brokerage
905-965-5902
evelyn@evelynlopes.com