Easy application – 3 Simple steps – 24 Hour approval
Start your online application for a home equity loan today. Complete the convenient online application process in just minutes. We’ll be following up with you shortly with a no-obligation, customized quote and consultation.
Whether its $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.
How a home equity loan works
First, calculate how much equity you have in your home or real estate. Once you’ve determined your equity value you could have access to a portion of that equity within a short period of time. Use the following equation to calculate how much home equity you have. We offer home equity loans in the provinces of British Columbia, Alberta and Ontario.