This type of mortgage is also referred to as "non-income qualifying", No Doc/Low Doc loans. This type of mortgage is good for those who aren't able to verify their employment through regular channels. For instance, producing pay stubs, T4's and NOA statements.

This type of loan can be used to purchase a home or refinance an existing mortgage and qualifying is based upon the income that is declared by the applicant.

Call us for more details if this mortgage product that best describes your situation.