Self-Employed Mortgages

Canada has seen a surge in small businesses, making it an exciting time for entrepreneurs. Running your own business is rewarding, but managing taxes efficiently is crucial. However, self-employed individuals often face challenges in securing mortgage financing since traditional lenders require tax assessments that may not reflect the true financial health of a business.

Our Mortgage brokerage specializes in helping self-employed individuals navigate these challenges. We partner with lenders who understand your unique financial situation and can offer mortgages with as little as a 5% down payment, even if your reported income is low. We also provide refinancing options for up to 80% of your home’s value with minimal income verification.

Purchase a new property or refinance your existing home up to 75% of its appraised value without extensive income verification. Approval is based on your credit rating rather than net income.

Requirements:

• Clean credit history (no bankruptcies or foreclosures)
• Proof of self-employment for at least three years (incorporation papers or GST number)
• Property located in or near a major centre

With the No Income Mortgage, you can purchase or refinance up to 80% of your home’s appraised value. This product is ideal for those who have 20% down or at least 20% equity and do not have perfect income or credit histories.

• Clean credit history often results in the best mortgage rates in Ontario.
• An established credit history can improve your interest rate but is not mandatory for mortgage approval.
• The property must be located in or near a major center.

As an Ontario mortgage brokerage, we are dedicated to providing innovative mortgage solutions for self-employed individuals. Our role as your mortgage advisor in Ontario is to ensure a smooth and accessible mortgage process. Contact us today to secure the best mortgage rates in Ontario and achieve your homeownership goals.