Self-employed individuals can benefit from low rates and excellent mortgage options that are specifically designed for them. These mortgages also offer fast approval, even if they have been previously declined. One of the advantages of these self-employed mortgage options is that they take into account the reduced taxable income that comes from claimed expenses. For those who have expenses that impact their qualifying income, the Stated Income mortgage option is especially useful. Additionally, self-employed individuals who receive dividend and investment income can still be considered for a mortgage, as long as they can provide proof of stability and meet certain requirements. 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. Individuals will also have access to top Canadian lenders, such as large banks, mortgage finance companies, credit unions, and alternative financers, who are willing to accept reasonable income estimates. For self-employed borrowers, there are options tailored specifically for them. For more information or to apply, give us a call!