Self Employed Mortgage Solutions

Self Employed Mortgage Solutions We have partnerships with over 30 different banks, credit unions, and financial institutions who lov The new way self-employed people get mortgages.

01/18/2023

Hi everyone!

Sergei, Devon and I have decided to shut down the SEMS brand.

We have been in the mortgage space for over 12 years, and SEMS has been one of our businesses.

We will continue to serve all of you under our personal brands.

Please feel free to reach out for any mortgage needs, self employed or not!

[email protected]
[email protected]
[email protected]

Let's face it - even prior to the pandemic, "the 9 to 5" method of earning income has made a huge shift to more and more...
08/17/2021

Let's face it - even prior to the pandemic, "the 9 to 5" method of earning income has made a huge shift to more and more self-made entrepreneurs and side-hustlers.⁠
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In order to ensure that you're making as much money as you're putting into your freelance career, understanding the your finances and taxes should be one of your top priorities. ⁠
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So, let's start with understanding what it means to be self-employed. If you fall under one of the following categories, we're talking to you! : ⁠
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✔️ You are your business's sole-proprietor or independent contractor⁠
✔️ If not the sole proprietor, you are a partner in the same regard of your business⁠
✔️ YOU are your business, aka as freelancers, this could mean any work that you do for a client, as you are providing your talents and services in a B2B capacity. ⁠
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To learn more about completing your taxes as an entrepreneur, check out the link below or send us a DM and prepare in advance for the 2022 tax season 💸

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https://www.canada.ca/en/revenue-agency/services/tax/businesses/small-businesses-self-employed-income.html
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Up to this point, you’ve put a lot of thought into every major investment in your life:⁠⁠- Your first vehicle ⁠- The col...
07/06/2021

Up to this point, you’ve put a lot of thought into every major investment in your life:⁠
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- Your first vehicle ⁠
- The college degree you spent your young life working toward⁠
- Travel plans with friends and family⁠
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The same level of care is involved when it comes to buying property. 🏡 ⁠
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As you grow into the home-buying stage in your life, planning is not purely financial; these decisions should carefully consider your lifestyle and what the future holds:⁠
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🏠 Will you eventually be looking to expand your family?⁠
🏠 Has your office turned virtual over this past year, and will you need to make room for office space? ⁠
🏠 Are you planning to own a pet, and is your next home suitable for this transition?⁠
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Thinking long-term will always keep you grounded, and gives you lots of options that suit your lifestyle. 🔑

Happy Monday! Let’s kick this week off with your next step - saving the trees 🌳Log into your BUSINESS online banking & m...
06/07/2021

Happy Monday! Let’s kick this week off with your next step - saving the trees 🌳

Log into your BUSINESS online banking & make sure you’ve checked the box for paperless statements 💸

BONUS - Most banks actually offer rewards for going virtual, so it helps to dig a little and check out what they can provide!

DAY 3 - I mean, this one speaks for itself! 💸Head over and log into your PERSONAL online banking, and get rid of those a...
06/04/2021

DAY 3 - I mean, this one speaks for itself! 💸

Head over and log into your PERSONAL online banking, and get rid of those annoying paper statements that get mailed to you! 👋🏼

Not only will the planet thank you, but you’ll thank us later when your statements are perfectly organized - digitally ⚡️

DAY TWO! Let’s get this thing started 💸Separating your personal from your business finances - how does this work?First t...
06/03/2021

DAY TWO! Let’s get this thing started 💸

Separating your personal from your business finances - how does this work?

First things first, head over to your bank (or depending on your region give them a quick call to discuss) and open up a business account ⚡️

(You’ll thank us later 😊)

💸 Over the next 21 days, we will walk you through a challenge that will help you build successful habits to manage your ...
06/02/2021

💸 Over the next 21 days, we will walk you through a challenge that will help you build successful habits to manage your finances and accomplish your financial freedom goals. By taking these actions, you will be better prepared to apply for a mortgage, you ready for this?! ⁠
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💰 DAY ONE 💰⁠

Write down and get crystal clear on your financial goals !
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Let's get to know each other better:

✅ Does investing interest you? What about it and what type of investing?
⁠✅ What does your savings plan currently look like?
✅ How much disposable income do you wish to accumulate on top of your savings & expenses?
✅ Do you follow a rule of percentage from each paycheck to put towards the previous category?
By clearly mapping out your financial goals, you can build a road map to achieving them. ⁠
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Follow along with us to learn how to work your way to financial freedom 💵💸

When the going gets tough, the tough get going. To do so, they need to make practical choices in tough environments, to ...
01/06/2021

When the going gets tough, the tough get going. To do so, they need to make practical choices in tough environments, to produce uncommon results. ⁠⠀
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Here are FIVE money-saving tips to reduce your overhead while still speaking to your target market and growing your successful small business.💰⁠⠀
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1️⃣Cut traditional advertising in favour of low-cost alternatives.⁠⠀
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2️⃣Get sponsors for events.⁠⠀
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3️⃣Outsource, outsource, outsource.⁠⠀
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4️⃣Negotiate with vendors.⁠⠀
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5️⃣Live in the cloud.⁠⠀
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What have you done in your business that has helped you to save some money? Share in the comments👇

PART II: How to get hands on your finances in 2021.💰⁠⠀⁠⠀Entrepreneurs/ self-employed are considered risk-takers and high...
12/30/2020

PART II: How to get hands on your finances in 2021.💰⁠⠀
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Entrepreneurs/ self-employed are considered risk-takers and highly committed to their business success.⁠⠀
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But between you and us... Are you also taking risks with your finances?? Are your personal finances as successful as your business? 🤔⁠⠀
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Now is the perfect time to start planning and seizing control of your finances.⁠⠀
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1️⃣ Earn more, save more: This can be done through the business itself or in your personal name.⁠⠀
2️⃣ Save and invest systematically: Investment options include, but are not limited to; mutual funds, ETFs and automated investment vehicles (Wealthsimple, Robinhood app, etc).⁠⠀
3️⃣ Know your credit score: The maintenance of one’s personal credit is imperative to ensure you continue to receive the most competitive rates and terms available in the market. Dominion Lending Mortgages offers several tools to help borrowers manage their credit, and CleverCreditgives you easy-to-follow steps and advice to improve your credit score.⁠⠀
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The longer you take to organize and improve your financial habits, the less opportunities you'll have for financial help such as mortgage. Time is ticking!⏳

Self-employed individuals are commonly associated with a hyper commitment towards the success and viability of the busin...
12/23/2020

Self-employed individuals are commonly associated with a hyper commitment towards the success and viability of the business they are developing. 🚀⁠⠀
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The commitment to success is enviable, but it can result in an inadequate amount of time to care for one’s own personal finances. ⁠⠀
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Now is the perfect time to start planning and seizing control of your finances. 💰⁠⠀
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1️⃣ Create a budget >> Get hands on your finances and keep track of your budget by using finance mobile apps. These apps are offered by third parties, like Intuit allowing you to monitor products from all institutions for the clearest picture. ⁠⠀
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2️⃣ Beware of “sandtraps” (expensive habits) >> Do not limit your borrowing capacity, or you may find yourself unable to qualify for that category ‘A’ mortgage.⁠⠀
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3️⃣ List your objectives >> Set your goals high, and plan for how YOU will achieve them. ⁠⠀
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4️⃣ Build your financing planning team >> This team should include but not be limited to; mortgage broker, insurance broker (life, critical illness, disability etc), financial planner, realtor, CPA accountant.⁠⠀
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What are you actually waiting for to actually have control over for finances? Shoot us a DM if you have any more questions about personal finance📩

Most people would prefer to spend less and save more, but the day-to-day reality of work, family life, and other commitm...
12/16/2020

Most people would prefer to spend less and save more, but the day-to-day reality of work, family life, and other commitments makes it impractical, if not seemingly impossible. Let’s face it, it’s tough to find the time or motivation for budgeting, and some folks skip it altogether.🤷⁠⠀
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For these and many other reasons, budgeting apps have become increasingly popular over the past decade. This software makes it easier to monitor your spending and saving habits by linking accounts to an application and tracking your cash flow. These apps, free or paid, offer a range of features to improve your finances.📲⁠⠀
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These are some of our favourites: ⁠⠀
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⭐️ YNAB offers the ability to sync your bank accounts, import your data from a file, or manually enter each transaction. To begin, the company suggests learning the basics about the app through video courses, a live workshop, or reading a guide. YNAB offers a proactive budgeting approach, rather than tracking what you have already spent, like some competitors.⁠⠀
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⭐️ MINT offers the best-known free budgeting app on the market. It’s a great option for anyone looking to improve their spending habits. The app is free but you may see targeted financial product advertisements. Mint protects your data through features like security scanning with Verisign, multi-factor authentication, and touch ID mobile access. ⁠⠀
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⭐️ ZETA is one of the few free budgeting apps designed specifically for couples, joint finances or not. The app caters to all types of couples, including those who are living together, engaged, married, or new parents. You can sync various accounts to track spending, see your net worth, and manage bills together.⁠⠀
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⭐️ POCKET GUARD offers a smart bill reminder to keep track of due dates and shows where you may be able to negotiate for lower bills. There’s also an automated savings feature, which allows you to set a goal and save for it. PocketGuard automatically moves the money to an CDIC-insured bank account on your behalf.⁠⠀
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Do you have a favourite app for your personal or business finances? Share in the comments💬

Black Friday and Cyber Monday are literally around the corner. Here some fun facts and data of previous years outcomes a...
11/25/2020

Black Friday and Cyber Monday are literally around the corner. Here some fun facts and data of previous years outcomes and this year's prediction. 🤓⁠⠀
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Black Friday origin goes back to the 1950s, as Americans used the day after their Thanksgiving holiday to get started on their holiday shopping. It was called "Black Friday" based on the idea that it is the day of the year where most retailers get out of the red and become profitable.📈⁠⠀
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Black Friday really entered the mainstream in the mid-2000s as it grew to be the most popular shopping day of the year in the United States in 2005. Its popularity in Canada really started to take off in 2008 as the Canadian dollar reached parity with the U.S. dollar making the sales even more enticing.💰⁠⠀
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📲 Cyber Monday was originated in the mid-2000s given the opportunity retailers to expand their audience and markets digitally - both online and mobile.⁠⠀
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Although Americans are given the credits for the origin of these shopping days, Canadians have made Black Friday and Cyber Monday their own by supporting mostly Canadian retailers during these days- 64% of Canadians prefer making online purchases from Canadian retailers. 🇨🇦⁠⠀
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And despite of already having our Canadian shopping day- Boxing Day- past surveys suggest that 43% of Canadians shop on Black Friday and Cyber Monday compared to 34% on Boxing Day💸⁠⠀
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Last year's spending in the US on Black Friday online shopping was around $7.5 billion USD and $9.4 billion USD on Cyber Monday 💸⁠⠀
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Are you planning to shop this weekend?? 🤔

Address

Toronto, ON

Opening Hours

Monday 9am - 7pm
Tuesday 9am - 7pm
Wednesday 9am - 7pm
Thursday 9am - 7pm
Friday 9am - 7pm

Telephone

+18447707177

Website

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