We offer low rates and excellent mortgage options specifically designed for self-employed individuals. Whether you are a freelancer, business owner, or contractor, we understand the unique challenges that self-employed individuals face when it comes to securing a mortgage.

One of the key benefits we provide is fast mortgage approval, even for those who have been previously declined. We understand that traditional lenders may not fully consider the financial situation of self-employed individuals, which can result in declined applications. However, our mortgage options are tailored to the needs of self-employed individuals, allowing us to quickly approve mortgages for those who have faced previous disappointments.

Our self-employed mortgage options take into account the reduced taxable income that may result from claimed expenses. We understand that self-employed individuals often have significant expenses related to their business, which can impact their qualifying income. Our mortgage options consider these expenses, allowing for a more accurate assessment of the borrower's financial situation.

For those who have expenses impacting their qualifying income, we offer a Stated Income mortgage option. This is particularly useful for self-employed individuals who may have a lower qualifying income due to their claimed expenses. With a Stated Income mortgage, borrowers can provide an estimate of their income, allowing for a more realistic assessment of their financial capabilities.

We also accept dividend and investment income, provided there is stability and proof requirements. We understand that self-employed individuals may have income from various sources, including dividends and investments. As long as there is stability and proper documentation, we consider these sources of income when approving mortgages.

In order to apply for our self-employed mortgage options, we require several documents. 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 assess the financial stability and credibility of the borrower's business.

We have access to some of the top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers. These lenders are experienced in working with self-employed individuals and understand the specific challenges they face. They are willing to accept reasonable income estimates, ensuring that self-employed borrowers have access to the best mortgage options available.

If you are a Business For Self borrower and are in need of a mortgage, we have options tailored specifically for your needs. Give us a call today and we will be happy to assist you in finding the right mortgage solution for your unique situation.