Self-employed individuals can take advantage of low rates and excellent mortgage options. Even if they have previously been declined for a mortgage, they can still receive fast approval. These mortgage options consider the reduced taxable income that comes from claimed expenses. For those with qualifying income impacted by expenses, the Stated Income mortgage is particularly useful. Dividend and investment income are accepted as long as stability and proof requirements are met. To apply for these mortgage options, self-employed individuals will need to provide documents such as their Notice of Assessment, T1 Tax Statement, proof of principal ownership in their business, contracts or financial statements, and a copy of the Article of Incorporation or business license. With access to top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, these options can be tailored to suit the needs of Business For Self (BFS) borrowers. For more information, don't hesitate to give us a call!