Self Employed Mortgages

Unique Challenges

Self-employed individuals in Canada face unique challenges when it comes to securing a mortgage, as their income can be more difficult to verify and stabilize than that of someone who is employed by a company. However, there are options available for self-employed individuals to obtain a mortgage. Normally, they are required to provide additional documentation, such as tax returns, financial statements, and notices of assessment to prove their income and stability.

Can you still get a mortgage if you don’t show a lot of revenue on your tax returns?

You can, but it involves a more in-depth analysis that will involve some planning and discussion. Can you still get a mortgage if you don’t show a lot of revenue and have damaged credit? You can, but again it involves a more in depth explanation. I explain to my clients who are starting a business that it is important to register your business, and it is important to deposit revenue into your bank account.

As an experienced mortgage broker, I keep up to date with all the specific requirements to get financing for self-employed people. It is an unfortunate reality that self-employed people have to put in more effort to secure a mortgage, but I will guide you through every step of the way.