If you are self-employed and looking for a mortgage, we have desirable options to offer. We provide low rates and excellent mortgage choices specifically catered to self-employed individuals. Even if you have been turned down before, we can provide you with fast mortgage approval.
One significant advantage of our mortgage options for self-employed individuals is that they take into consideration your reduced taxable income due to claimed expenses. This is particularly beneficial for those who have significant expenses impacting their qualifying income. Our Stated Income mortgage program is designed to accommodate individuals in this situation.
Additionally, we understand that self-employed individuals may have alternate sources of income, such as dividends and investments. We accept these sources of income and have stability and proof requirements in place to consider them when determining your mortgage options.
To apply for a mortgage as a self-employed individual, there are a few key documents you will need to provide. 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.
When working with us, you have access to a wide range of top Canadian lenders. This includes large banks, mortgage finance companies, credit unions, and alternative financiers who are willing to accept reasonable income estimates.
If you are a Business For Self (BFS) borrower, we have options tailored specifically for you. Whatever your self-employed situation may be, we are here to assist you in finding the best mortgage solution. Give us a call today to discuss your options further.