Self-employed individuals can benefit from low interest rates and excellent mortgage options that are specifically designed to meet their needs. Even if they have been previously declined for a mortgage, fast approval is still possible. These mortgage options take into consideration the reduced taxable income that self-employed individuals may have due to claimed expenses. For those with expenses that significantly impact their qualifying income, a Stated Income mortgage is available. Dividend and investment income can also be accepted as long as stability and proof requirements are met. Required documents 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. With access to top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers, self-employed individuals have a wide range of options to choose from. There are also tailored options available for Business For Self (BFS) borrowers. For more information and personalized assistance, feel free to give us a call.