Experts say that lenders have become more stringent on providing mortgages to the average self-employed Canadian. Though the number of Canadians working for themselves is steadily rising, at approximately 2.7 million in 2014, the rules are continuing to be tightened. The self-employed are required to put down larger down payments and show more documentation to prove their businesses. The self-employed are pressured to verify the accuracy of their credit score.
At Tembo Financial borrowers can have their money in as little as 48 hours with no appraisal and no credit check*. For example, instead of waiting for your closing day which could be in the distant future, you could receive your proceeds within 48 hours*. Tembo Financial offers Ontarian’s a unique service to receive a loan for expenses like: a deposit for new purchase, closing costs, moving expenses, unexpected expenses, renovations, lifestyle, debt consolidation, and taxes.
*Subject to qualification.