Self-employed individuals can take advantage of low rates and excellent mortgage options. They can also benefit from fast mortgage approval, even if they have been previously declined. These mortgage options consider the reduced taxable income resulting from claimed expenses, making it easier for self-employed individuals to qualify. Individuals who have expenses that impact their qualifying income can find the Stated Income mortgage particularly useful. Additionally, dividend and investment income are accepted as long as stability and proof requirements are met. To apply for these mortgage options, self-employed individuals will need to provide various 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. They also have access to a range of top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, all of whom accept reasonable income estimates. Specific options tailored for Business For Self (BFS) borrowers are also available. For more information, give us a call.