NEWS - CMHC Makes It Easier For Self-Employed Canadians to Get a Mortgage

OTTAWA — Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage.

The national housing agency says it’s giving lenders more guidance and flexibility to help self-employed borrowers qualify for home mortgages.

Self-employed Canadians may have a harder time qualifying for a mortgage as their incomes may vary or be less predictable and CMHC is now working on correcting some of the impacts the recent qualifying changes have had on the self employed.

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