Are there special mortgages for realtors, brokers and commissioned sales people?

Joel Olson • December 20, 2021
financial-reset-using-low-mortgage-rates

It's interesting, really when you think about it, both me and yourself, work towards helping people achieve homeownership,

whether that's a home they're going to live in, or an investment property that's going to benefit them financially for many years to come.


It's amazing that many of our clients have an easier time being approved for a mortgage than we do, even when we are sometimes in a much better financial position.


So what is available in terms of mortgages for commissioned salespeople?


In particular, what is available in terms of mortgages for people like me and you, realtors and mortgage brokers?


Did you know that there are actual mortgages that exist with the idea of allowing us to benefit from many tax advantages, like keeping money in our corporations, or writing off a significant amount of our expenses so that we are still able to buy a home while claiming much, much less on our taxes.


Sure, there can be some variety in interest rates, but even the very worst mortgage can be as low as two to 3% of our interest rate, and enables you to verify your income by only showing your commission statements and six months bank statements.


So let's review.


Here are a few ways that a realtor can qualify for a mortgage.


Now this applies if you're buying a primary residence or if you're buying rental properties.


Yes, we do go off your taxes by using a two year average of your income but many times this gets us nowhere near what's needed to qualify for a mortgage.


But we also have programs where we look at the retained earnings in your company or what net income you have after taxes and some of that income is added back allowing you to qualify for much more than your T1 General would allow.


After using those expenses, if we don't get you to a healthy amount of money, or perhaps you've had some of your better years this year or previous years and you have not yet claimed a tax return or done your corporate financials for those years to show, we can still qualify you by basing it on your current year and your obvious success you've had thus far.


We have many lenders out there that are using a simple six month bank statement showing the deposits of your commissions to qualify you for a mortgage.  Now as I mentioned previously, this does not mean and exorbitant interest rate. This does actually mean an interest rate that is often 2 to 3% enable you to take advantage of a very, very good market and to get into a house and get into some savvy deals yourself.


As always, it makes the most sense to work with someone really qualified to navigate different properties and different loan programs to allow you to take advantage of what you're seeing in front of your eyes... clients taking advantage of.


So if we can help you with a realtor or mortgage, please let us know as we love helping people just like us!


Schedule a time on my calendar here to explore options:

 

https://calendly.com/joel-20/discovery-zoom-call

 

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Joel Olson
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Wait! Are You Really Ready to Buy That Home?

By Joel Olson • December 23, 2025
So, you’re thinking about buying a home. You’ve got Pinterest boards full of kitchen inspo, you’re casually scrolling listings at midnight, and your friends are talking about interest rates like they’re the weather. But before you dive headfirst into house hunting— wait . Let’s talk about what “ready” really means when it comes to one of the biggest purchases of your life. Because being ready to own a home is about way more than just having a down payment (although that’s part of it). Here are the real signs you're ready—or not quite yet—to take the plunge into homeownership: 1. You're Financially Stable (and Not Just on Payday) Homeownership isn’t a one-time cost. Sure, there’s the down payment, but don’t forget about: Closing costs Property taxes Maintenance & repairs Insurance Monthly mortgage payments If your budget is stretched thin every month or you don’t have an emergency fund, pressing pause might be smart. Owning a home can be more expensive than renting in the short term—and those unexpected costs will show up. 2. You’ve Got a Steady Income and Job Security Lenders like to see consistency. That doesn’t mean you need to be at the same job forever—but a reliable, documented income (ideally for at least 2 years) goes a long way in qualifying for a mortgage. Thinking of switching jobs or going self-employed? That might affect your eligibility, so timing is everything. 3. You Know Your Credit Score—and You’ve Worked On It Your credit score tells lenders how risky (or trustworthy) you are. A higher score opens more doors (literally), while a lower score may mean higher rates—or a declined application. Pro tip: Pull your credit report before applying. Fix errors, pay down balances, and avoid taking on new debt if you’re planning to buy soon. 4. You’re Ready to Stay Put (At Least for a Bit) Buying a home isn’t just a financial decision—it’s a lifestyle one. If you’re still figuring out your long-term plans, buying might not make sense just yet. Generally, staying in your home for at least 3–5 years helps balance the upfront costs and gives your investment time to grow. If you’re more of a “see where life takes me” person right now, that’s totally fine—renting can offer the flexibility you need. 5. You’re Not Just Buying Because Everyone Else Is This one’s big. You’re not behind. You’re not failing. And buying a home just because it seems like the “adult” thing to do is a fast way to end up with buyer’s remorse. Are you buying because it fits your goals? Because you’re ready to settle, invest in your future, and take care of a space that’s all yours? If the answer is yes—you’re in the right headspace. So… Are You Ready? If you’re nodding along to most of these, amazing! You might be more ready than you think. If you’re realizing there are a few things to get in order, that’s okay too. It’s way better to prepare well than to rush into something you're not ready for. Wherever you’re at, I’d love to help you take the next step—whether that’s getting pre-approved, making a plan, or just asking questions without pressure. Let’s make sure your homebuying journey starts strong. Connect anytime—I’m here when you’re ready.
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Start Smart: Get Pre-Approved for Your Mortgage

By Joel Olson • December 16, 2025
Thinking of Buying a Home? Here’s Why Getting Pre-Approved Is Key If you’re ready to buy a home but aren’t sure where to begin, the answer is simple: start with a pre-approval. It’s one of the most important first steps in your home-buying journey—and here's why. Why a Pre-Approval is Crucial Imagine walking into a restaurant, hungry and excited to order, but unsure if your credit card will cover the bill. It’s the same situation with buying a home. You can browse listings online all day, but until you know how much you can afford, you’re just window shopping. Getting pre-approved for a mortgage is like finding out the price range you can comfortably shop within before you start looking at homes with a real estate agent. It sets you up for success and saves you from wasting time on properties that might be out of reach. What Exactly is a Pre-Approval? A pre-approval isn’t a guarantee. It’s not a promise that a lender will give you a mortgage no matter what happens with your finances. It’s more like a preview of your financial health, giving you a clear idea of how much you can borrow, based on the information you provide at the time. Think of it as a roadmap. After going through the pre-approval process, you’ll have a much clearer picture of what you can afford and what you need to do to make the final approval process smoother. What Happens During the Pre-Approval Process? When you apply for a pre-approval, lenders will look at a few key areas: Your income Your credit history Your assets and liabilities The property you’re interested in This comprehensive review will uncover any potential hurdles that could prevent you from securing financing later on. The earlier you identify these challenges, the better. Potential Issues a Pre-Approval Can Reveal Even if you feel confident that your finances are in good shape, a pre-approval might uncover issues you didn’t expect: Recent job changes or probation periods An income that’s heavily commission-based or reliant on extra shifts Errors or collections on your credit report Lack of a well-established credit history Insufficient funds saved for a down payment Existing debt reducing your qualification amount Any other financial blind spots you might not be aware of By addressing these issues early, you give yourself the best chance of securing the mortgage you need. A pre-approval makes sure there are no surprises along the way. Pre-Approval vs. Pre-Qualification: What’s the Difference? It’s important to understand that a pre-approval is more than just a quick online estimate. Unlike pre-qualification—which can sometimes be based on limited information and calculations—a pre-approval involves a thorough review of your finances. This includes looking at your credit report, providing detailed documents, and having a conversation with a mortgage professional about your options. Why Get Pre-Approved Now? The best time to secure a pre-approval is as soon as possible. The process is free and carries no risk—it just gives you a clear path forward. It’s never too early to start, and by doing so, you’ll be in a much stronger position when you're ready to make an offer on your dream home. Let’s Make Your Home Buying Journey Smooth A well-planned mortgage process can make all the difference in securing your home. If you’re ready to get pre-approved or just want to chat about your options, I’d love to help. Let’s make your home-buying experience a smooth and successful one!