How to Qualify for a Mortgage with 100% Commission income!
Qualify for a mortgage loan using 100% of your Commission income!!
Is your entire income commission? Do you have trouble getting your mortgage approved because you write down your income?
If so, HUBER MORTGAGE MAY HAVE THE SOLUTION !
With this fantastic lending product, Huber Mortgage will use 100% of your total gross commission to qualify.
If you are a Realtor, Insurance Agent, Financial advisor or broker who is a sole proprietor then this program is a perfect fit.
Please note that Incorporated Mortgage Brokers, Financial Advisors and Insurance brokers must use the Simplified Program with a 20% expense margin off of gross commission for qualification purposes.
A couple of key notes for this are as follows:
- Can be in business less than 2 years and still qualify under this program
- Eligible for all lender self-employed products based upon above qualification
- Incorporated Income ratios are 50/55 – ask Huber Mortgage for details
Simple Required Income Documents to Qualify your Commission Income:
- Previous year end commission statement or most recent T4A
- Year to date/recent commission statement
- License or employment letter
In closing
Please reach out to Huber Mortgage to understand the ins and outs of this fantastic lending program for self-employed commission income earners.
WORRIED ABOUT INTEREST RATES?? – Click HERE to learn 5 Reasons NOT to Freak Out Over Mortgage Interest Rates
Sincerely,
Michael
PS – One of my hobbies is blogging about mortgages, debt and government policy. During the day I’m a MORTGAGE BROKER in Kelowna, BC!
Check out the Huber Mortgage Home Buyers Guide HERE
