If you are self-employed and seeking a mortgage, there are excellent options available with low rates designed specifically to meet your unique financial situation. Even if you have faced previous mortgage application declines, fast approval is possible through lenders experienced in working with self-employed individuals. Mortgage programs for the self-employed take into account reduced taxable income, often impacted by business expenses that you claim. One particularly helpful option is the Stated Income mortgage, which is ideal for those whose qualifying income is affected by high expenses, allowing for a more flexible income verification process. In addition to traditional earned income, many lenders accept dividend and investment income as part of your qualifying income. However, this income must demonstrate stability and be supported by proper documentation. To apply successfully, you will need to provide a range of documents including your Notice of Assessment, T1 Tax Statement, proof of principal ownership in your business, relevant contracts or financial statements, and either your Articles of Incorporation or business license. You will have access to some of Canada’s top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers who are open to working with reasonable income estimates. These lenders offer tailored solutions for Business For Self (BFS) borrowers, helping you secure a mortgage that fits your circumstances. If you are self-employed and ready to explore mortgage options that suit your needs, feel free to give me a call. I’m here to help you navigate the process and find the best financing solutions available.