If you are self-employed and in need of a mortgage, we have some great options for you. Our rates are low and our mortgage options are excellent. We understand the unique financial situation of self-employed individuals and can help you secure a mortgage quickly, even if you have been declined in the past.

One of the key advantages of our self-employed mortgage options is that we take into consideration your reduced taxable income due to claimed expenses. We understand that as a self-employed individual, you may have various expenses related to your business that impact your qualifying income. Our Stated Income mortgage option is designed specifically for individuals in this situation and can be very useful when it comes to qualifying for a mortgage.

In addition to considering claimed expenses, we also accept dividend and investment income as part of your overall income. However, we do have stability and proof requirements for these types of income. This is to ensure that your income is reliable and consistent, which in turn helps us assess your ability to make mortgage payments.

To apply for a mortgage as a self-employed individual, you will need to provide some required documents. These include your Notice of Assessment, T1 Tax Statement, proof of principal ownership in your business, contracts or financial statements, and a copy of the Article of Incorporation or business license. These documents help us verify your income and assess your eligibility for a mortgage.

We have access to some of the top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers. They are all open to accepting reasonable income estimates from self-employed individuals. With our connections, we can find the best mortgage option for you based on your specific financial situation.

If you are a Business For Self (BFS) borrower, we have options tailored specifically for you. Give us a call and we can discuss your mortgage needs and find the right solution for you.