Obtaining a mortgage through traditional avenues, without the same documentation that most salaried positions have access to, can be very difficult and time consuming for self-employed borrowers.
Broker Scenario #1 Commercial CRA Debt Problem: Client is self employed & owns 3 commercial properties. Clients wish to retire and all three properties are for sale. Clients owe $90,000 in back taxes and wish to pay debt before properties are sold. There is a small 1st on one property, other two are owned clear. Graysbrook…