Self-employed individuals looking for low mortgage rates and excellent mortgage options need look no further. We understand the unique needs of self-employed borrowers and offer fast mortgage approval, even for those who have been declined in the past. We take into account the reduced taxable income that comes with claiming expenses, ensuring that our mortgage options are suitable for self-employed individuals.

One of the mortgage options we offer is the Stated Income mortgage, which is particularly useful for those whose expenses impact their qualifying income. This means that even if your taxable income is low due to claimed expenses, you can still be eligible for a mortgage. We understand that self-employed individuals may have fluctuating income and are able to consider dividend and investment income, as long as it can be proven and shown to be stable.

When applying for a mortgage as a self-employed borrower, there are certain documents that are required. 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. Providing these documents will help us assess your eligibility for a mortgage and ensure a smooth approval process.

We have access to top Canadian lenders, ranging from large banks to mortgage finance companies, credit unions, and alternative financers. These lenders understand and accept reasonable income estimates for self-employed borrowers, providing you with a wide range of options to choose from. We also offer options tailored specifically for Business For Self (BFS) borrowers, catering to their unique needs.

If you are a self-employed individual looking for a mortgage with low rates and excellent options, give us a call today. Our team of experts are ready to assist you and guide you through the mortgage application process.