Self-employed individuals can benefit from low rates and excellent mortgage options that are specifically designed for them. These options offer fast approval, even for those who have been previously declined. The mortgage options take into consideration the reduced taxable income resulting from claimed expenses, making it easier for self-employed individuals to qualify. The Stated Income mortgage is particularly useful for those with significant expenses affecting their qualifying income. Additionally, dividend and investment income is accepted as long as stability and proof requirements are met. To apply for these mortgage options, applicants are required to provide documents such as the 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. Borrowers also have access to top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers that accept reasonable income estimates. There are also tailored options available for Business For Self (BFS) borrowers. For more information, please contact us.