Self-employed individuals can benefit from low rates and excellent mortgage options that are specifically designed for them. These options offer fast approval, even for those who have been previously declined. One advantage is that these mortgage options take into account the reduced taxable income due to claimed expenses. For individuals whose expenses impact their qualifying income, the Stated Income mortgage is a useful option. Additionally, applicants can include dividend and investment income as part of their overall income, as long as they can provide stability and proof of these sources of income. To apply for these mortgages, applicants will need to submit various documents, including 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. The best part is that there is access to top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers who accept reasonable income estimates. If you are interested in these tailored options for self-employed individuals, feel free to give us a call!