Self Employed

We offer low rates and excellent mortgage options specifically designed for self-employed individuals. Our goal is to provide fast mortgage approval for self-employed individuals, even if they have previously been declined by other lenders. We understand that self-employed individuals often have reduced taxable income due to the various expenses they claim. That's why our self-employed mortgage options take into consideration this reduced taxable income, allowing applicants to qualify for a mortgage based on their actual financial situation.

One popular option we offer is the Stated Income mortgage. This type of mortgage is particularly beneficial for those with significant expenses that impact their qualifying income. With a Stated Income mortgage, applicants can provide a statement regarding their income without having to provide extensive documentation. This allows those with complex financial situations to still access the mortgage they need.

We also take into consideration dividend and investment income. As long as the income is stable and can be proven, it can be included in the mortgage application. We do require the necessary documentation to verify income, including 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 ensure that applicants are providing accurate and reliable information.

In addition to our flexible mortgage options, we have access to top Canadian lenders. This includes large banks, mortgage finance companies, credit unions, and alternative financiers. We work with these lenders to provide our clients with the best possible mortgage rates and terms. We are able to accept reasonable income estimates, allowing self-employed individuals to access the mortgages they need without having to meet overly strict criteria.

If you are a self-employed borrower, we have options tailored specifically for you. Our Business For Self (BFS) mortgage options are designed to meet the unique needs and circumstances of self-employed individuals. We understand that your income can fluctuate, and we are here to help you navigate the mortgage process.

Give us a call today to learn more about our low rate mortgage options and find out how we can assist you in securing the mortgage you need.

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