Self employed borrowers and commissioned salespeople probably have the most difficult time when trying to get a mortgage.  One of the main benefits of being your own boss is that you have certain income tax advantages.  Generally these tax advantages lead to lower taxable income as reported to CRA due to write offs.

Every year there are more and more small business owners in Canada which means that there are more and more people every year having difficulty getting approved for their dream house.

As mortgage agents we have the experience to be able to get your mortgage approved with a great rate.  The main difficulty self employed borrowers run into is getting the documentation proving income approved.  We have programs available to us which allows us to literally state the amount of income you make regardless of the taxable income reported to CRA.

It doesn't have to be difficult, infact we specialize in helping self employed people get mortgages.  So, whether you are self employed with the ability to prove your income or not, we have programs to help.

 Are you suffering from impaired or challenged credit?

Unfortunately, there are not quite as many options available to you as your credit score goes down.  If your credit score is below 620, it may be possible for you to still get financing based on a stated income program.  Typically, this type of mortgage would not be approved by regular banks or lenders and therefore alternative financing is required.  We have access to many alternative lenders that are willing to finance people with under a 620 credit score.  Rates are a little higher but they still much better than getting private funding.

We have access to the most lenient and flexible lenders in Canada. Just because you are self employed or a commission sales person, doesn't mean you have to hear NO when you want a mortgage.