Self-employed individuals looking for low rates and excellent mortgage options can find what they need with our services. We understand the unique challenges faced by self-employed individuals when it comes to securing a mortgage, and we are here to help.

One of the key advantages of working with us is our ability to provide fast mortgage approvals for self-employed individuals, even if they have previously been declined by other lenders. We understand that traditional income verification methods may not accurately reflect the financial stability of self-employed individuals, and we take this into consideration when reviewing applications.

Our self-employed mortgage options also take into account the reduced taxable income that may result from claimed expenses. This is important because it allows self-employed individuals to qualify for a larger mortgage amount than they might otherwise be eligible for based solely on their reported income.

For those with expenses that significantly impact their qualifying income, our Stated Income mortgage can be particularly useful. This option allows individuals to state their income without providing detailed documentation or proof of income. Instead, the focus is on the stability of their business and the overall financial picture.

We also accept dividend and investment income as part of our mortgage approval process, as long as the income is stable and can be proven. This provides additional flexibility for self-employed individuals who may derive a significant portion of their income from these sources.

When applying for a mortgage as a self-employed individual, there are certain documents that we require. 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 verify the financial stability of the borrower and ensure that they meet our lending criteria.

We have access to a wide range of top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers. This allows us to provide our self-employed clients with a variety of options and competitive rates. We work closely with our clients to understand their unique needs and provide them with tailored solutions that align with their financial goals.

If you are self-employed and in need of a mortgage, give us a call today. We have the experience and expertise to help you navigate the mortgage process and secure the financing you need.