More self-employed hitting mortgage wall because of recent rule changes
For years, most of Marg Green`s self-employed clients could count on getting a mortgage on the strength of their credit score, and on their word that they were earning enough from their business to repay the loan.
These days, because of rules brought in almost two years ago by the regulator of the country`s chartered banks, borrowing money to buy a home has become harder for many of the country`s 2.75 million self-employed workers ` a group that, according to Statistics Canada, has a higher median net worth than paid employees.
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