Self-employed individuals can take advantage of low rates and excellent mortgage options, including fast approval even after previous declines. These mortgage options consider the reduced taxable income that comes from claimed expenses, making them ideal for those with expenses that impact qualifying income. Additionally, the stated income mortgage is available for individuals who have dividend and investment income, as long as they can provide stability and proof of the income. To apply for these mortgages, individuals will need to provide specific documents such as the Notice of Assessment, T1 Tax Statement, proof of ownership in the business, contracts or financial statements, and a copy of the Article of Incorporation or business license. These mortgage options are offered by top Canadian lenders, including major banks, mortgage finance companies, credit unions, and alternative financiers who accept reasonable income estimates. For more information and tailored options for Business For Self (BFS) borrowers, please give us a call.