Self Employed

Are you self-employed and in need of a mortgage? You're in luck! We offer low rates and excellent mortgage options specifically designed for self-employed individuals like yourself.

One of the biggest advantages we offer is fast mortgage approval, even if you have been declined in the past. We understand that being self-employed means your income can fluctuate and may not fit the traditional mold that lenders typically look for. However, we take into consideration your unique situation and can still offer you a mortgage with favorable terms.

We also take into account the fact that self-employed individuals often have reduced taxable income due to claimed expenses. Our mortgage options are designed to consider these claimed expenses and ensure that your qualifying income is accurately assessed. This is particularly useful for those who need a Stated Income mortgage, as it allows you to provide proof of income that takes into account the impact of your expenses.

Furthermore, we also accept dividend and investment income as part of your overall income stability requirements. However, proof and stability requirements are necessary to ensure the reliability of this income.

In order to apply for one of our self-employed mortgage options, you will need to provide certain documents. These include your 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.

We have partnered with top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. These lenders are open to accepting reasonable income estimates and are committed to providing self-employed individuals with the mortgage options they need.

If you're a Business For Self (BFS) borrower, we also offer tailored options specifically designed for individuals in your situation. So why wait? Give us a call today and let us help you find the perfect mortgage solution for your self-employed needs.

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