Self-Employed? Credit Issues? Unique Income Situation?
Financing Considerations for Non-Traditional Borrowers/Situations
Below we have provided a list of the most common non-traditional situations, however, please note, that not all situations are listed and each is looked at on a case-by-case basis to fit with the appropriate lender each situation is unique and looked at accordingly.
| Employment | – Self-employed – Recent job start/change – Work experience outside Canada |
– Lack of work history – Part-time |
| Income | – Non-verifiable – Salary + commission – Seasonal |
– Commission – Salary OT and/or bonus |
| Credit | – Spotty/bad credit – No credit |
– Good, but a lot of credit – Previously bankrupt |
| Property | – Rental – Construction – Cottages/vacation homes – Multiplex |
– Investment – Rural/acreage – Mobile homes |
| Status | – Non-resident | – New immigrant |
| Financial | – Zero-down | – Purchase plus improvement |
