Self Employed Mortgage
Business for self / Self employed, would the mortgage process be different? Lets connect to see what option works best
Self-employment has become very popular, whats better than being your own boss!
For employees who work for a company and have verifiable pay stubs, its usually more straight forward and easier. Sometimes for self-employed income, it may be a little challenging to get a mortgage.
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The great news is that there self employed mortgage is an option for business owners.
It is important to work with an experienced mortgage broker. Self employment income is not as straight forward.
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Best to plan ahead to avoid feeling frustrated during the process. Be prepared before searching for a home.
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How much down payment is required?
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as little as 10% (minimum 5% must be from your own savings)
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A larger down payment will provide more flexibility when it comes to available lender options
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Common Documents Required
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Most recent 2 years full Income Tax & Benefit Return (T1)
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Most recent 2 years Notice of Assessment
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Most recent 2 years Business Financial Statements
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Articles of Incorporation
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Additional documents may be required
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As a mortgage broker that is experienced with self employed income, lets connect to find the best solutions for you!