Self-Employed
Get Pre-Approved
This is the first step on your road to homeownership. A pre-approval is a conditional commitment from your lender to grant you a mortgage, which will help you understand what you can comfortably afford to spend. Let’s get you pre-approved today!
Book A Call With One Of Our Experts
You have questions and we have answers! Let’s talk about what we can do to get you into your first home, upgrade to a new home, tap into your home equity, take advantage of today’s low rates through a refinance or whatever your mortgage financing needs may be.
Self-Employed
When you’re self-employed, lenders often require additional information in support of such key areas as income, credit and tax payments to prove you can afford to make your mortgage payments. We have access to specialized self-employed mortgage programs to help in cases where you can’t prove your income in a traditional sense, but you’ve established a track record of responsibly managing credit and finances. Let’s talk about your options.
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How It Works
Book a Call with One of Our Team Members to Discuss Your Goals
We want to hear your story so we can understand your goals and dreams, and customize a mortgage plan that works best for your unique situation.
1
Apply For Your Mortgage
If you’re buying a new property, we’ll secure a pre-approval so you know what you can comfortably afford. And if you’re renewing or refinancing an existing mortgage, we’ll ensure we find your best options.
2
Review All Your Options
We’ll get the lenders competing for your mortgage business. Next, we’ll review your options so you understand each choice.
3
Choose The Best Mortgage For You
We’ll clearly explain which option we believe best fits your current financial situation and future goals, and why this is our top pick.
4
Self-employed questions
Can I get a mortgage in Canada if I am self-employed?
Yes. Lenders ask self-employed applicants for extra support around income, credit and tax payments, but self-employed mortgages are a routine part of the market.
What documents do self-employed borrowers need for a mortgage?
Typically two years of tax returns and Notices of Assessment, business registration or incorporation documents, business bank statements, and confirmation that taxes owing are paid up to date.
What if I write off most of my income and my taxable income looks low?
There are specialized self-employed programs for exactly this — where you cannot prove income in the traditional way but have a track record of managing credit and finances responsibly.
Do self-employed borrowers pay higher mortgage rates?
Not automatically. If your income is provable in the usual way you are priced like any other borrower; alternative programs used when it is not usually carry a higher rate.
How long do I need to be self-employed before I can get a mortgage?
Most lenders look for a two-year history in the same business or field, though some programs consider a shorter track record.