Self Employed

We offer low rates and excellent mortgage options specifically designed for self-employed individuals. One of the major advantages we provide is fast mortgage approval, even for those who have been declined in the past. We understand the unique challenges faced by self-employed individuals in obtaining a mortgage, which is why we have specialized options available.

Our self-employed mortgage options take into consideration the reduced taxable income that comes from claimed expenses. We understand that self-employed individuals often have a higher amount of expenses, which can significantly impact their qualifying income. We offer a Stated Income mortgage that is particularly useful for those with expenses that affect their qualifying income.

In addition to considering claimed expenses, we also accept dividend and investment income. However, we do require stability and proof of these income sources. Our goal is to work with self-employed individuals to find a mortgage solution that fits their unique financial situation.

When applying for a mortgage with us, 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. By providing these documents, we can ensure a smooth and efficient mortgage approval process.

We have access to a wide range of top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. These lenders are willing to accept reasonable income estimates, making it easier for self-employed individuals to obtain a mortgage.

If you are a Business For Self (BFS) borrower, we have tailored options specifically for you. We understand the unique needs and challenges faced by BFS borrowers, and we are here to help. Give us a call today to discuss your mortgage options.

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