If you are a self-employed individual looking for a mortgage, you will be pleased to know that we offer low rates and excellent mortgage options specifically designed for people like you. We understand that being self-employed can make it more challenging to qualify for a mortgage, but with our fast approval process, we can help you secure a mortgage even if you have been previously declined by other lenders.

One of the key advantages of our self-employed mortgage options is that we take into consideration your reduced taxable income from claimed expenses. This means that we understand the unique financial situation of self-employed individuals and can provide you with options that align with your actual income. For those with significant expenses impacting their qualifying income, our Stated Income mortgage option is particularly useful.

We also understand that self-employed individuals may have income from sources other than their business. Therefore, we accept dividend and investment income as well, although we do require stability and proof of these income sources.

To apply for a mortgage, we require several documents to assess your eligibility. These 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. By providing these documents, you can help us accurately evaluate your financial situation and offer you the best mortgage options available.

We have access to a wide range of Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. These lenders are experienced in working with self-employed individuals and are willing to accept reasonable income estimates. This gives us the flexibility to tailor mortgage options specifically for Business For Self (BFS) borrowers.

If you are interested in learning more about our mortgage options for self-employed individuals, please give us a call. Our team is ready to guide you through the process and help you secure the mortgage that meets your needs.