Posted on 02/04/03
Self-employment blues
After just two months of house hunting, Sarah Phillips and Sean Snell found the home they wanted to buy.Getting a mortgage, however, was not as easy. Even with spotless credit histories, a down payment equivalent to 25 per cent of the selling price and a solid record of paying their rent on time, the Toronto couple could not persuade any of the banks they approached to lend them money.
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