Are you a self-employed individual looking for a mortgage? Look no further! We offer low rates and excellent mortgage options specifically designed for self-employed individuals like yourself. We understand the unique challenges you may face when it comes to getting a mortgage, which is why we specialize in providing fast mortgage approval, even if you have been declined in the past.

One of the advantages of our self-employed mortgage options is that we take into consideration the reduced taxable income resulting from claimed expenses. This means that we understand that your income may not accurately reflect your ability to make mortgage payments. We offer a Stated Income mortgage option that is particularly useful for individuals who have significant expenses that impact their qualifying income.

In addition to considering claimed expenses, we also accept dividend and investment income as part of our mortgage options for self-employed individuals. However, we do require stability and proof of this income in order to ensure that you have a reliable source of income to meet your mortgage obligations.

When applying for a mortgage as a self-employed individual, there are certain documents that we will require from you. 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 verify your income and ensure that you meet the necessary criteria for a mortgage.

At our organization, we have access to some of the top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This means that we can offer you a wide range of options and competitive rates. We work closely with these lenders to provide reasonable income estimates based on your unique situation.

If you are a self-employed individual in need of a mortgage, look no further. We have options tailored specifically for Business For Self (BFS) borrowers like yourself. Give us a call today to discuss your mortgage needs and explore the options available to you.