Self-employed individuals often struggle to find low rates and favorable mortgage options. However, we are pleased to offer excellent mortgage solutions specifically designed for self-employed individuals. Our goal is to provide you with the best possible terms and make your mortgage financing process as smooth as possible.

One advantage of our mortgage options is our fast approval process. Even if you have been previously declined for a mortgage, we can help you obtain approval quickly. We understand the unique circumstances of self-employed individuals and take into account their financial situation when making lending decisions.

One crucial factor we consider is the reduced taxable income due to claimed expenses. Self-employed individuals often deduct various expenses related to their business, which can lower their taxable income. We take this into account during the qualification process, allowing you to benefit from your claimed expenses while still qualifying for a mortgage.

For those self-employed individuals whose qualifying income is impacted by significant expenses, we offer a Stated Income mortgage option. This mortgage is especially useful for individuals with high expenses, as it allows them to state their income without extensive documentation. We understand that your expenses may not accurately reflect your actual income, and we aim to provide an option that fits your unique situation.

In addition to considering self-employment income, we also accept dividend and investment income. However, stability and proof of this income are requirements for approval. We want to ensure that your sources of income are reliable and consistent, giving you the best chance of securing a mortgage that suits your needs.

To begin the mortgage application process, we require various documents. 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. Gathering these documents will help us assess your financial situation accurately and provide you with the most suitable options.

We have access to top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. These lenders are willing to work with self-employed individuals and accept reasonable income estimates. We strive to connect you with the lender that best suits your needs, ensuring you receive the most favorable rates and terms.

If you are a Business For Self (BFS) borrower, we have mortgage options tailored specifically for you. Our team is experienced in working with BFS borrowers and understands the unique challenges they face. Give us a call, and we will guide you through the process and find the best mortgage solution for your specific situation.