We offer low rates and excellent mortgage options specifically designed for self-employed individuals. Our goal is to provide fast mortgage approval, even for those who have been previously declined. We understand the unique challenges faced by self-employed individuals when it comes to qualifying for a mortgage, and our self-employed mortgage options take into account the reduced taxable income resulting from claimed business expenses.

One such option that may be particularly useful for self-employed individuals is a Stated Income mortgage. This type of mortgage allows borrowers to provide their own income statement, rather than relying solely on traditional income verification methods. This can be advantageous for those whose expenses have a significant impact on their qualifying income.

In addition to considering the claimed expenses of self-employed individuals, we also accept dividend and investment income. However, there are stability and proof requirements in place to ensure that these types of income can be accurately assessed.

To apply for a mortgage as a self-employed individual, certain documents will be required. 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 our team accurately assess your financial situation and determine the best mortgage options for you.

We have access to a wide range of top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This means we can provide you with a variety of mortgage options and help you find the best fit for your needs. We understand that not all self-employed individuals have a consistent and predictable income, so we are able to work with reasonable income estimates to find you the right mortgage solution.

If you are a self-employed individual looking for a mortgage tailored to your unique circumstances, we are here to help. Give us a call today to discuss your options and get on the path to homeownership.