Self-employed individuals looking for mortgage options with low rates and excellent terms need not look any further. Our services provide fast mortgage approval, even for those who have previously been declined by other lenders. We understand the unique financial situation of self-employed individuals and offer mortgage options that take into consideration reduced taxable income from claimed business expenses.

One useful offering for self-employed individuals is the Stated Income mortgage, which allows for a more accurate representation of qualifying income by taking into account various expenses that may impact traditional income calculations. Additionally, we accept dividend and investment income as part of the qualifying criteria, as long as stability and proof requirements are met.

When applying for a mortgage as a self-employed individual, there are several required documents that need to be provided. These include the Notice of Assessment, T1 Tax Statement, proof of principal ownership in the business, contracts or financial statements, and a copy of the Article of Incorporation or business license. By having these documents readily available, the mortgage approval process can proceed smoothly.

Our services also provide access to a wide range of top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. These lenders are open to working with self-employed individuals and are willing to accept reasonable income estimates when determining mortgage eligibility.

For Business For Self (BFS) borrowers, we offer tailored mortgage options that cater specifically to their unique needs and financial circumstances. If you are self-employed and in need of mortgage financing, give us a call to explore the options available to you. We are here to help you find the best mortgage solution for your business and personal financial goals.