Current Rates
Todays Prime:3.95  
TermBroker Bank
6 Month: 4.50 4.75
1 Year: 3.34 3.79
2 Year: 3.44 3.79
3 Year: 3.54 4.44
4 Year: 3.64 4.59
5 Year: 3.59 5.44
6 Year: N/A N/A
7 Year: 3.99 5.99
10 Year: 4.89 6.59
   
No Down: N/A N/A
Variable 1: 2.95 N/A
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Updated: Nov 05, 2018

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Self Employed Mortgages - Stated Income Mortgage - the No Income Qualifier or Low Doc Mortgage

A Stated Income Mortgage, also referred to as the no income qualifier, or low doc mortgage, is a good option for a self employed individual who cannot always prove their income on paper in the traditional way, and who has strong credit. 

Some lenders will want to see that the stated income is reasonable for the work you do and may ask for proof of your gross income.
Other lenders will ask for documents proving you are self employed and will want you to sign a stat dec stating your income.

If you have been self employed and can show 2 years history in the same industry and have good credit, you can apply for the stated income mortgage with as little as a 10% down payment.

Start building home equity today!

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