Mortgage Scenarios

Self Employed or have bruised credit and some debts: there is a solution for you.

There are mortgage options available, allow me to show you a scenario that could be applicable to you:

Scenario #1:

$400,000.00 purchase

$80,000.00 down payment (20%)

$320,000.00 mortgage amount

$2,207.00 monthly payment

Household income required for this scenario is only $75,000.00 before tax, and would allow for a few hundred dollars worth of monthly debts and you do not need a good credit score.

As of August 1^st 2023 a two bed room apartment is now renting for $2,135.00/month.

For approximately less than $100.00 more a month you can own your own property.

Scenario #2:

$550,000.00 purchase

$110,000.00 down payment (20%)

$440,000.00 mortgage amount

$3,049.81 monthly payment

Household income required for this scenario is $100,000.00 before tax, and would allow for a few hundred dollars worth of monthly debts as and again you do not need a good credit score.

For more details and to talk about your situation please don’t hesitate to call me at 403-771-0134 or email me at andrew@gallermortgages.com