- Joined
- Dec 7, 2016
- Messages
- 15
I have owned a property in Peterborough for 4 years. The value has increased enough and the mortgage decreased enough that I would like to pull money out for another purchase.
The problem I am having is that my wife's employment situation has recently changed to freelance. She is making decent money but doesn't have 2 years of NOAs to confirm the income for the banks. My income isn't enough to qualify at A lenders (we own other properties so the debt ratios are a bit on the wrong side).
I am looking for some advice on next steps. Is there something I can do to better position myself with the A lenders? Should I be looking at Credit Unions or B lenders? Or something else altogether?
Thanks.
The problem I am having is that my wife's employment situation has recently changed to freelance. She is making decent money but doesn't have 2 years of NOAs to confirm the income for the banks. My income isn't enough to qualify at A lenders (we own other properties so the debt ratios are a bit on the wrong side).
I am looking for some advice on next steps. Is there something I can do to better position myself with the A lenders? Should I be looking at Credit Unions or B lenders? Or something else altogether?
Thanks.