A self-employed mortgage is simply a commercial or residential mortgage taken out by a self-employed worker or business owner. However, just owning a business isn’t enough to qualify for self-employed mortgages in Canada. It doesn’t matter what business you do, whether you’re a start-up founder with the next big idea, or you just opened up …
To understand what a private mortgage is, you need to know what a mortgage is. A mortgage is a loan taken by a person with a promise or seal to repay a large debt. It involves official documentation and government regulation. This means that the borrower must keep to the agreement reached to repay the …
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