Purchase approval for newly self-employed professional
This client was approved as part of our BFS PRO program designed to create mortgage solutions for self-employed professionals.
This newly graduated psychotherapist has been practicing for 8 months. We qualified them through a combination of business bank statements and supporting invoices.
Approval at 72% LTV with 35-year amortization was based on positive income projection and sustainability.
The client will benefit from a full year of FREE Home System Warranty Program worth up to $10,000!
- GDS/TDS: 50.22%/ 50.42%
- Beacon score: 815
- Type: Permanent full-time Self-Employed
- Tenure: 8 months
- Occupancy: Owner-Occupied
- Location: Gloucester, ON
- 35-year amortization
- Deal approved at 72% LTV
- 1-year closed
- BFS PRO Client
- FREE Home System Warranty for the full 1-year term!
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