How to Finance Your Self-Employed Mortgage with Alternative Lending

How would you balance claiming income vs paying taxes without countering your mortgage affordability as someone who is self-employed? In part two of “How To Finance Your Mortgage With Alternative Lending,” Derek and Paul discuss the break-even point for a self-employed or commissioned individual and ways to benefit from a private lender’s practical approach. Derek Serra is the Managing Director of Sales & Marketing at XMC Mortgage Corporation. In case you missed part one: https://youtu.be/eD94PlI8OXo Watch more here: 👉🏽 Self-Employed Mortgage Tips Playlist: https://bit.ly/36QMK9c 👉🏽 Worthwhile First-Time Homebuyer Programs Playlist: https://bit.ly/3pJ0bRh In 17 minutes, we covered: 03:05 Understanding the break-even point with tax write-offs, what amount to save for a down payment, and how to qualify for your mortgage financing. 05:22 What are things to consider when building your business and strategizing to achieve your mortgage finance? 08:25 How does XMC set themselves apart from other private lenders? 11:09 Advice to first-time home buyers and realtors of things to consider 3-12 months from buying. Main topics: First-time home buyer program, RRSP savings program, leverage investments, and home warranty system. 14:30 Final thoughts 🤙🏽 Get in touch anytime if you want to level up your living: Paul Davidescu (www.levelupmortgages.com) Level Up Mortgages 604-809-3188 paul@levelupmortgages.com See Our Google Reviews in BC & Ontario: https://bit.ly/ViewLUMReviews ⭐️⭐️⭐️⭐️⭐️ Talk to us or if you want some quick replies, connect with our Facebook Messenger Bot: http://bit.ly/MyMortgageBot Got Mortgage Questions? Trying not to freak out about something that’s stressing you out? We got you 🙋🏽‍♂️🙋‍♀️ + Get immediate answers on your mortgage questions with our FAQ Page 👉https://bit.ly/mortgagefaq + Email me and check out our website: paul(at)levelupmortgages.com | www.levelupmortgages.com 👨🏽‍💻 + DM me on Instagram if you want to get more personal 📱 https://www.instagram.com/levelupyourmortgages/ + Get LinkedIn if you want to check our credentials 😎 https://www.linkedin.com/in/pauldavidescu/ + Tweet at me if you hang out there 🐦 https://twitter.com/levelupmortgage + Check updates on our blog to do a deep dive 🔎https://www.levelupmortgages.com/blog + Subscribe to Level Up Mortgages YouTube Account: http://bit.ly/LevelUpYouTubeSubscribe #selfemployedmortgage #mortgagecanada #privatelendingcanada