Self Employed

Self-employed individuals can benefit from low mortgage rates and excellent options for obtaining a mortgage. With a fast approval process, even those who have been declined in the past can still receive a mortgage. These mortgage options take into consideration the reduced taxable income resulting from claimed expenses. The Stated Income mortgage is particularly useful for those whose qualifying income is impacted by expenses. Furthermore, dividend and investment income are accepted as long as stability and proof requirements are met. To apply for these mortgages, individuals must provide 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. Access to top Canadian lenders, including major banks, mortgage finance companies, credit unions, and alternative financers is available, all of which accept reasonable income estimates. Tailored options specifically designed for Business For Self (BFS) borrowers are also available. Interested individuals can reach out for further information.

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