Self-employed individuals can benefit from the low rates and excellent mortgage options available. Even if they have been previously declined, fast mortgage approval is possible. These mortgage options take into consideration the reduced taxable income from claimed expenses, making it easier to qualify for a loan. The Stated Income mortgage option is especially helpful for those with expenses that impact their qualifying income. Dividend and investment income are also accepted, provided there is stability and proof. To apply, 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 are required. Clients have access to a variety of top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers who accept reasonable income estimates. Options tailored specifically for Business For Self (BFS) borrowers are also available. For more information, feel free to reach out for a consultation.