Self-employed individuals can benefit from low rates and excellent mortgage options. Even if they were previously declined, they can enjoy fast mortgage approval. These options take into account the reduced taxable income resulting from claimed expenses. For those whose expenses affect their qualifying income, a Stated Income mortgage might be the way to go. Dividend and investment income are also accepted, as long as stability and proof requirements are met. When applying for these mortgages, required documents include the Notice of Assessment, T1 Tax Statement, proof of principal ownership in the business, as well as contracts or financial statements, and a copy of the Article of Incorporation or business license. As for lenders, self-employed individuals have access to top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers who accept reasonable income estimates. Additionally, there are options tailored specifically for Business For Self (BFS) borrowers. Feel free to give me a call to learn more!