Quote:
Originally Posted by BlackCrayon
what bank is this? td bank didn't like the fact that was 'self employed' due to the fact that people like us write off all we can to make our incomes looks smaller than they actually are and the cmha won't take 'stated income' from self employed people anymore. in the end they wanted a larger downpayment than we had.
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The mortgage broker said the banks are looking for biz expenses, the more the better, because they see it as a larger scope of business somehow. They are also looking at internet presence, like how high your site shows in google rankings, etc. SHe said it was the general situation due to changes made about 6 months ago.