Self-employed individuals can benefit from low mortgage rates and excellent options when it comes to financing their homes. These mortgage options are specifically designed for self-employed individuals, even if they have been declined for a mortgage in the past. These mortgage options take into account the reduced taxable income that self-employed individuals may have as a result of claimed expenses. For those with expenses impacting their qualifying income, a Stated Income mortgage may be a useful solution. These mortgage options also accept dividend and investment income, as long as there is stability and proof to support these sources of income. When applying for these mortgages, applicants will need to provide various documents, such as 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 mortgage options provide access to top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers. They also offer options specifically tailored for Business For Self (BFS) borrowers. To learn more about these mortgage options, feel free to contact us.