We offer low rates and excellent mortgage options specifically designed for self-employed individuals. Unlike traditional lenders who may be hesitant to provide mortgages to self-employed individuals, we understand the unique financial circumstances that come with being your own boss. We are able to offer fast mortgage approval for self-employed individuals, even if you have been previously declined by other lenders.

One of the key aspects of our self-employed mortgage options is that we take into account the reduced taxable income that comes with claimed expenses. We understand that as a self-employed individual, there are various business expenses that you can deduct from your taxable income. Unlike traditional lenders who only consider your taxable income, our options allow you to provide a more accurate representation of your income by taking these deductions into account.

For individuals who have a significant amount of expenses that impact their qualifying income, we also offer a Stated Income mortgage option. With this option, you are able to provide an estimate of your income without the need for extensive documentation. This can be especially useful for self-employed individuals who have a large amount of expenses that may not accurately reflect their actual income.

In addition to accepting income from self-employment, we also consider dividend and investment income. However, we do require stability and proof of these income sources. This ensures that the income is reliable and consistent, which is important when determining mortgage eligibility.

When applying for a mortgage as a self-employed individual, there are several documents that you will need to provide. 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 to verify your income and the legitimacy of your business.

One of the benefits of working with us is that we have access to top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This means that we can find the best mortgage options for your specific financial situation. We understand that every self-employed individual is different and may have different income estimates, which is why we work with a variety of lenders to find options tailored to your needs.

If you are a self-employed individual looking for a mortgage, we would be happy to assist you. Give us a call and we can discuss your unique financial circumstances and find the mortgage options that will work best for you.