We offer low rates and excellent mortgage options specifically designed for self-employed individuals. We understand the unique challenges that come with being self-employed, and our goal is to provide fast mortgage approval, even if you have been declined in the past.

One of the key considerations for self-employed mortgage options is the ability to take into account reduced taxable income due to claimed expenses. Many self-employed individuals have legitimate business expenses that impact their qualifying income. Our Stated Income mortgage option is particularly useful for those in this situation, as it allows for a more accurate representation of your actual income.

We also understand that self-employed individuals may have dividend and investment income, which can be just as stable and reliable as traditional employment income. We accept these types of income but require stability and proof, ensuring that you have a consistent track record of receiving this income.

To apply for a mortgage as a self-employed individual, there are several documents that we will require. These include your 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. These documents help us assess your financial situation and make an informed decision.

We have access to a wide range of Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This allows us to consider a variety of options and find the best fit for your specific needs. We understand that self-employed individuals may have varying income levels, and we are able to work with reasonable income estimates to help you secure the mortgage you need.

If you are a Business For Self (BFS) borrower, we also have options tailored specifically for you. We understand that BFS borrowers have unique financial circumstances, and our experienced team is ready to assist you in finding the best mortgage solution.

Give us a call today and let our expert team guide you through the process of obtaining a mortgage as a self-employed individual. We are dedicated to providing exceptional service and helping you achieve your homeownership goals.