We provide low rates and excellent mortgage options specifically designed for self-employed individuals. We understand the unique financial situation that self-employed borrowers often face, and our goal is to make the mortgage process as smooth and efficient as possible for them.

One of the key advantages we offer is fast mortgage approval, even for those who have been declined by other lenders in the past. We know that self-employed individuals may have fluctuating income or unusual financial circumstances, and we are willing to work with them to find a solution that meets their needs.

Our mortgage options also take into consideration the reduced taxable income that self-employed borrowers often claim due to business expenses. We understand that these expenses are a legitimate part of running a business and should not hinder borrowers from qualifying for a mortgage.

For those whose qualifying income is impacted by expenses, our Stated Income mortgage option can be very beneficial. This program allows borrowers to state their income without the need for extensive documentation, making it easier for them to qualify for a mortgage.

In addition to regular income, we also accept dividend and investment income from self-employed borrowers. However, we do require proof of stability and documentation to verify these sources of income.

When applying for a mortgage as a self-employed individual, there are several documents that we require. These include 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. These documents help us assess the borrower's financial situation and determine their eligibility for a mortgage.

As a mortgage broker, we have access to a wide range of top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers. This means that we can offer our clients a variety of options and work with them to find the best mortgage solution for their unique needs.

If you are a self-employed individual looking for a mortgage tailored specifically for BFS borrowers, we are here to help. Give us a call today and let us assist you in finding the right mortgage option that suits your financial goals and needs.