If you are self-employed and in need of a mortgage, we offer low rates and excellent options specifically designed for individuals like you. We understand that being self-employed can sometimes make it difficult to qualify for a mortgage, so we have streamlined our process to ensure fast approval, even if you have been declined in the past.

One of the unique aspects of our self-employed mortgage options is that we take into consideration the reduced taxable income that often arises from claimed business expenses. We understand that these expenses are a necessary part of running a successful business, and we want to make sure that you are not penalized for them when applying for a mortgage.

For those with additional expenses that impact their qualifying income, our Stated Income mortgage option can be particularly helpful. This option allows you to state your income without the need for extensive documentation, making it easier for you to qualify.

We also accept dividend and investment income from self-employed individuals, as long as you can provide stability and proof of this income. We recognize that many self-employed individuals have multiple income streams, and we want to ensure that all of your income is taken into consideration.

When applying for a mortgage, we will require certain documents to verify your income and business ownership. 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 your financial situation accurately and efficiently.

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 you a variety of options and choose the one that best suits your needs and income estimates.

If you are a self-employed borrower and looking for a mortgage, give us a call. We have options tailored specifically for Business For Self (BFS) borrowers and can help you navigate the process with ease. Don't let your self-employment status hinder your dreams of homeownership - we are here to assist you every step of the way.