We offer low rates and excellent mortgage options specifically designed for self-employed individuals. Whether you are a freelance contractor, small business owner, or entrepreneur, we have solutions that can help you secure the mortgage you need.
One of the key benefits we offer is fast mortgage approval for self-employed individuals, even if you have been declined by other lenders in the past. We understand the unique financial circumstances that self-employed individuals face and we are committed to finding a solution that works for you.
Our mortgage options also take into consideration the reduced taxable income that can result from claimed expenses. We understand that many self-employed individuals have legitimate business expenses that impact their qualifying income. We offer a Stated Income mortgage option that allows you to provide an estimate of your income, taking into account these expenses.
We also accept dividend and investment income as sources of income, as long as there is stability and proof of these income sources. We have specific requirements regarding the documentation that we need in order to process your mortgage application. This includes providing 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.
Our access to top Canadian lenders allows us to offer a wide range of options for self-employed individuals. We work with large banks, mortgage finance companies, credit unions, and alternative financers who are willing to consider reasonable income estimates.
Lastly, we offer options that are tailored specifically for Business For Self (BFS) borrowers. We understand the unique needs and challenges of self-employed individuals and we are here to provide the support and guidance you need to secure the mortgage that is right for you. Give us a call and let us help you find the mortgage solution that meets your needs as a self-employed individual.
