Self Employed

Self-employed individuals can benefit from low mortgage rates and excellent options that cater to their unique needs. Even if they have faced previous declines, fast mortgage approval is possible. These mortgage options take into account the reduced taxable income resulting from claimed expenses. Those who have significant expenses impacting their qualifying income can find the Stated Income mortgage particularly useful. Additionally, dividend and investment income can be accepted as long as stability and proof requirements are met. To proceed with obtaining a mortgage, certain documents are necessary, 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. Access to top Canadian lenders, such as large banks, mortgage finance companies, credit unions, and alternative financiers, is available, all of which accept reasonable income estimates. Business For Self (BFS) borrowers can also find tailored options suited to their specific needs. To learn more and discuss your situation, please feel free to give me a call.

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