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2 YEAR 3.32%

3 YEAR 2.96%*

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5 YEAR Variable 2.90%*

Updated May 22nd 2019
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Self-employed increasingly turning to private lenders for mortgages

CTV News ~ April 29th, 2019

 TORONTO -- The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage.

While many prospective homeowners are driven to alternate lenders because of government-mandated stress tests and poor credit scores, the self-employed often have additional burdens to overcome in proving their income.

"There's more and more people seeking private loans than ever before and that's a direct result of government making it more and more difficult to qualify," says Dan Caird, a mortgage agent with Dominion Lending Centres.

Click here to read the full article.