Self Employed

If you are a self-employed individual in need of a mortgage, we offer low rates and excellent mortgage options that are specifically designed for individuals like you. We understand the unique financial situation of self-employed individuals, and we are here to help you find the best mortgage solution for your needs.

One of the advantages we offer is fast mortgage approval, even if you have been declined for a mortgage in the past. We understand that self-employed individuals may face challenges when it comes to traditional mortgage approval processes, but we have options that cater to your specific situation.

Our mortgage options take into consideration the reduced taxable income that you may have due to claimed expenses. We understand that self-employed individuals often have various expenses related to their business, and we take this into account when assessing your qualifying income.

For those with significant expenses impacting their qualifying income, we offer a Stated Income mortgage. This mortgage option allows you to state your income without providing extensive documentation. This can be particularly useful for self-employed individuals who have legitimate expenses that affect their taxable income.

We also accept dividend and investment income as part of your overall income, as long as there is stability and sufficient proof of this income source. We understand that self-employed individuals may have income from various sources, and we take this into consideration when assessing your mortgage application.

To apply for a mortgage as a self-employed individual, you will need to provide several documents including your Notice of Assessment, T1 Tax Statement, proof of principal ownership in your business, contracts or financial statements, and a copy of the Article of Incorporation or your business license. These documents help us understand your financial situation and assess your eligibility for a mortgage.

We have access to a wide range of top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers. This means that we can offer you a variety of mortgage options to choose from, and we can work with you to find the lender that is best suited to your needs.

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

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