Self-employed individuals can take advantage of low rates and excellent mortgage options specifically designed for them. Even if they have been declined for a mortgage in the past, they can still obtain fast mortgage approval. These mortgage options also take into consideration the reduced taxable income resulting from claimed expenses. For those whose expenses impact their qualifying income, the Stated Income mortgage option can be particularly useful. The lenders accepting these mortgage applications also accept dividend and investment income, as long as stability and proof requirements are met. To apply for these mortgages, applicants need to provide certain documents, such as 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. Individuals can also access top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers that accept reasonable income estimates. Additionally, tailored mortgage options are available for Business For Self (BFS) borrowers. For more information, feel free to contact us by phone.