Self-employed individuals can now benefit from low mortgage rates and excellent options designed specifically for them. Even if they have been declined for a mortgage in the past, fast approval is now possible. These mortgage options take into account the reduced taxable income resulting from claimed expenses, making it easier for self-employed individuals to qualify. The Stated Income mortgage is particularly helpful for those whose qualifying income is impacted by expenses. Additionally, dividend and investment income are accepted as stable sources of income, as long as the necessary proof is provided. To apply for these mortgages, applicants will need to submit various documents, including their Notice of Assessment, T1 Tax Statement, proof of business ownership, financial statements, and relevant business licenses. With access to a range of top Canadian lenders, including major banks, mortgage finance companies, credit unions, and alternative financers, reasonable income estimates are accepted. Tailored options are also available for Business For Self borrowers. To learn more about these options, feel free to give us a call.