Self-employed individuals can benefit from low mortgage rates and excellent options to secure a mortgage. Even if they have faced previous declines, fast mortgage approval is possible. These mortgage options take into account the reduced taxable income that might result from claimed expenses. A Stated Income mortgage is particularly beneficial for those whose qualifying income is affected by expenses. Additionally, dividend and investment income are accepted as long as stability and proof requirements are met. To apply for these options, individuals must submit various documents including 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. Access to top Canadian lenders, including major banks, mortgage finance companies, credit unions, and alternative financers, is available with reasonable income estimates. Business For Self (BFS) borrowers can also explore tailored options. Give us a call to learn more!