Self Employed

Self-employed individuals can benefit from low rates and excellent mortgage options tailored specifically for them. These mortgage options ensure fast approval, even for individuals who have been previously declined. They take into account the reduced taxable income due to claimed expenses, making it easier for self-employed individuals to qualify. Those with expenses impacting their qualifying income can take advantage of the Stated Income mortgage option. Furthermore, dividend and investment income can also be considered with stability and proof requirements. To apply for these mortgage options, applicants need to provide various documents including the Notice of Assessment, T1 Tax Statement, proof of principal ownership in the business, contracts or financial statements, and copies of the Article of Incorporation or business license. These specialized mortgage options are backed by top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers who accept reasonable income estimates. For more information and assistance with these Business For Self (BFS) mortgage options, interested individuals are encouraged to contact the provider.

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