How do you purchase a property when self employed?
I am trying to ensure I have a plan and my life is in order.
What I am hoping to learn about here, is purchasing a property while self employed. I have been told by numerous people that I will need to be employed by somebody else for 2 full years before I could even be considered for a mortgage. I have wanted to own a decent chunk of land since I was young, as I was raised in the country before moving to a town.
I am in Ontario Canada
What are the typical steps to go through, to obtain a mortgage while self employed?
And how long would I need to be self employed?
I am not enjoying renting and figure I should get my life in order now, so I can stop renting.