Self-employed individuals can now enjoy low rates and excellent mortgage options that are specifically designed for them. These mortgage options offer fast approval even if they have been previously declined. One of the advantages of these self-employed mortgage options is that they take into consideration the reduced taxable income resulting from claimed expenses. For individuals who have expenses that impact their qualifying income, the Stated Income mortgage is particularly useful. Furthermore, these mortgage options also accept dividend and investment income, as long as there is stability and proof of such income. To apply for these mortgage options, self-employed individuals need to provide certain documents such as the Notice of Assessment, T1 Tax Statement, proof of principal ownership in the business, contracts or financial statements, and a copy of the Article of Incorporation or business license. It's also worth noting that these options are offered by top Canadian lenders including large banks, mortgage finance companies, credit unions, and alternative financers who are willing to accept reasonable income estimates. Don't miss out on these tailored options for Business For Self (BFS) borrowers, give us a call now!