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4- Real Estate: The Oakville Beaver, W ednesday January 18, 2006 Self-employed? Arranging a mortgage can be quicker and easier than you think Over the years an increasing number of Canadians have become self-employed, often because of cor porate downsizing or, in some cases, the desire to leverage their knowl edge and experience in an entrepre neurial environment. According to Statistics Canada, approximately 12 per cent of Canada's work force are selfemployed. Self-employment has numerous benefits and certainly some challenges as well. Often, selfemployed individuals are surprised when they find it difficult and very time consuming to secure a mort gage. They quickly learn they don't fit the traditional full-time employ ment model most mortgage lenders prefer where pay stubs prove income and stability. Many self-employed individuals do not meet the criteria laid out by their lending institution, even though they are financially sound and can easily maintain their pay ments. After a long and complicated process to prove the ability to service their debt, the information provided may not be good enough for their financial institution. Lenders typi cally want to know that payments can be made for the life of the mort gage, not just over the next year. Small business owners are usual ly required to provide lenders with two years of financial statements. However, assuming their account ant has used all available tax princi ples to minimize the company's profits, these financial statements may not be a true reflection of their ability to service their debt obliga tions. Consultants, contractors and those in commission sales can find it equally difficult to satisfy their ' ing process of providing income verm ification. If your credit rat lender' s need for employ ing is good, you could ment and revenue verifica B ryan qualify based on solely on tion. G uertin your stated income, limit The good news if you ed employment verifica are self-employed is that tion, and confirmation that the lending landscape has you don't have outstanding changed. Certain lenders taxes. Imagine, mortgage are targeting this market approvals tailored to you! segment _ and have This article was provid launched products specifi ed by Bryan Guertin, a cally designed to meet your mortgage broker at __ needs. You may, in fact, be able to get the mortgage--------------------- " Mortgage Intelligence. He you want without the time consum- can be reached at 905-842-4320. Your key to exceptional homes Feature HUGE 4 BED FAMILY HOME IN P E T LOCATION Live in style and enjoy the luxury of plenty of space in a sought after neighbourhood. Close to schools, major shops and Sheridan. Approximately 3,250 sq ft plus finished basement. Feature home at www.homesforsalecollection.com for sate in Oakville & areaI HEW LISTING An Oakville Beaver Real Estate Feature · TO ADVERTISE IN THIS SECTION CALL 905-8 45 -3 82 4 FAX: 9 05 -3 37 -5 59 4 · Look for these listings @ www.oakvillebeaver.com ^ P ^ ^ a ^ H A p p r o x 3100 sq. ft. C/B home in a great southllif 111 ^ t n'hood. Terrific 0/C floor plan. Loaded with l/.i HI fipgrades. crown moldings, granites, S/S appl, BRAD pot lighting, 9 ft. ceilings & maple hdwd. MBR DON MILLER with huge walk-in & luxurious ensuite. Walking GOODALE Associate B rok e r distance to great schools-& shops. ^ales Representative Features 4+1 bdrms, 4 bthrms, newly renovated kitchen with granite counters and porcelain firs. Hrdwd firs in the dining rm, Family rm has w/o to large deck with hot tub and gorgeous landscaped private JOHN CLARK yard with, in-ground pool with diving board, cabana and shed. In-law suite in basement with separate entrance and so much more.... CARA H IU sa le s Representative Sales Representative CENTURY 21 MILLER REAL ESTATE LTD. 9 0 5 -8 4 5 -9 1 8 0 EXIT REALTY NEGOTIATORS 9 05 -4 65 -1 01 0 NORMAN HILL REALTY INC. 4 16 -2 26 -5 51 5 NEW LISTING OPEN HOUSE SUN. 2-4 1143 CARLA CRT ouhe m m m m m w ith o u t breaking th e banki $412,000 2 bedrooms, den, end unit, views of harbour & escarpment, wood burning fireplace and 2 bathrooms m !| Upgraded C1900 character home with 2-storey addition makes for contemporary living. 3+1 Bdrm, high pine ceilings, large sunny F/R with French drs leading to newly landscaped backyard. Period details throughout, traditional pillared front porch. Updated plumbing BRONWEN throughout, 200 AMP, A/C, home and lifestyle together at last in COCKCROFT downtown Oakville. E-mail Bronwen@bosleyrealestate.com Sales Representative 7 S / E O A K V I L L E - W A L K T O S T . M I L D R E D 'S Entertainer' s dream, home 10++. 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GAIL SAXON, Sales Representative ____ \ I m mm L $382,500 2 bedrooms, master with sunken lounge, 2 bathrooms and den J jp g ri Jk IOLA BUTTERY Associate B roker $325,000 2 bedrooms, 2 bathrooms, located on lower floor, freshly painted, use your own flair PRUDENTIAL TOWN CENTRE REALTY INC. 9 05 -3 38 -6 55 0 R E /M A X PROFESSIONALS INC. 9 05 -2 70 -8 88 0 OPEN HOUSE SUN. 2«4 1307 FOREST HILL NEW LISTING OPEN HOUSE SUN. 2*4 2109 W ESTMOUNT wm HI OPEN HOUSE SAT. 2*4 2258 GRAND RAVINE 1307 FOREST HILL - OAKVILLE Well maintained semi w/in-law potential. Minutes walk to Sheridan IH k M K w i i P M & all amenities. Completely finished w/plenty of light. Incls. 2 kitchens, 4 bdrms + den, 2.5 baths. Neutral tones, new ceramics in foyer, double drive w/garage & lrg private yard. JAY NELLIGAN Associate Broker CATHERINE MCISAAC Upgraded beauty! Hardwoods, ceramics and cozy 2nd floor family room with gas F/P. Large rec. r n o m or 4th bedroom in the lower level. Prof. landscaped with french curbs and huge rear deck. Meticulous attention to all details... Super An absolute showcase! Totally upgraded 4 bedroom home with hardwood floors, ceramics, 2 fireplaces, California shutters, 2 tiered FABULOUS RAVINE PROPERTY! LEA JENSEN Sales Representative DEBRA DENIKE deck, professionally finished basement with glass <block windows. Trafalgar/Upper Middle. Virtual to u r at www.leajcnscn.com Sales Representative f a m ily a re a C a n t o d a y ,,____________________________ Sales Representative R E /M A X ESCARPMENT REALTY INC. 9 0 5 -6 3 9 -7 6 7 6 SUTTON GROUP REALTY SYSTEMS INC. 9 0 5 -8 27 -2 48 2 ROYAL LEPAGE REAL ESTATE SERVICES LTD. (905) 275 -9 40 0