Self-employed individuals can take advantage of low rates and excellent mortgage options that are specifically designed for them. They can benefit from fast mortgage approval, even if they have previously been declined. These mortgage options consider the reduced taxable income that comes from claimed expenses. For those with expenses that significantly impact their qualifying income, a Stated Income mortgage can be a useful solution. This mortgage option allows for the acceptance of dividend and investment income, as long as there is stability and proof to support it. To apply for these mortgages, self-employed individuals will need to provide certain 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. Through a variety of lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers, self-employed individuals can access these tailored mortgage options. If you are a business for self borrower, give me a call for more information and assistance.