Whether it’s $10,000 or $500,000 – Alpine Credits is Your Best Alternative to the Bank
Being self-employed has many advantages; however, being self-employed can sometimes make obtaining a mortgage from the banks difficult to obtain. Working for oneself can mean fluctuating monthly pay with no certainty one will earn the same as the month before. Traditional lenders know this and, in order to lend to self-employed individuals they want to see stability in income over a certain period of time. If you are self-employed you have likely encountered a challenge in obtaining financing from the bank at some point and, you also know that as you try to implement your tax strategies, they can often include minimizing the taxes you pay by reducing your taxable income. This approach can have its advantages and disadvantages – potentially a lower tax bill but, a lower income that makes obtaining a loan more difficult.
Qualifying for a Home Equity Loan as Self-Employed
Whether you need a loan for your business or personal needs, Alpine Credits can help and, Alpine Credits’ lending parameters are the same for those who are self-employed and those working full-time for an organization – we are home equity lender and the main criteria we consider is the amount of equity you have in your home. If you have found yourself in need of a loan and believe the bank won’t be able to help you because you have unstable self-employment income, please call and speak to one of our lending specialists at 1-800-587-2161 or complete our simple online application and one of our lending specialists will call you back. Our lending specialists will work with you to understand your situation and recommend the best loan structure for your needs. Remember, at Alpine Credits, Homeowners get approved.
Easy Application – 3 Simple Steps – 24 Hr Approval
*Disclosure on “Loan Examples” Above
Alpine Credits’ intent is to always have full disclosure on all of our loan offerings. Borrowers are provided with all necessary disclosure prior to entering into any obligation. Our objective is to offer Canadian home owners an alternative to the banks and credit unions (not a replacement). Typically, you will find our rates to be higher than the banks; however, with this in mind, we are usually more efficient than the banks in getting you your money and may lend in situations where the banks (and other traditional lenders) will not. Once we have provided you with all necessary information, the decision will be left with you as to whether or not you wish to proceed with our offer. Thank you for your consideration. We look forward to speaking with you soon.
All of the above examples are for discussion purposes only. It is important the reader is aware that the examples may represent the lower priced range of our product offerings. Rates on our loans are subject to change and may vary (up or down) based on the equity you have in real estate, the state / condition / location of your real estate, your personal financial situation and the Canadian mortgage market. The examples are all based on interest only monthly payments (you may elect to pick a shorter amortization to pay off your loan sooner) in which the rate in year 2 increases to the prime rate plus 3.75% and the prime rate plus 6.00% for the first and second mortgages respectively. The Cash Advance in all of the loans above represents the net amount of money to be received. The “Gross Amount” for the $100,000 / $300,000 / $25,000 / $50,000 loans in the examples above are $110,500 / $327,900 / $29,500 / $58,140 respectively. The difference between the Gross Amount and Net amount represents closing costs which includes items such as legal fees, appraisals, brokerage fees, etc. (“Fees”). The APR will increase / decrease in the event of higher / lower Fees. Once again, thank you for your consideration.