You Owe CRA $80,000. Here's What NOT to Do.**

he Self-Employed Mortgage Mistake That Cost $18,000 (And How to Avoid It)

Being self-employed comes with freedom, flexibility, and pride, but when it comes to getting a mortgage, it also comes with a few extra hurdles. If you run your own business, you already know you work harder than anyone else. Getting approved for a mortgage shouldn’t feel like another full-time job. So, let’s simplify it. Here’s what every self-employed Canadian borrower needs to know before applying for a mortgage. 1. More Scrutiny Doesn’t Mean Less Opportunity Lenders don’t

Chances are if the title of this article piqued your interest enough to get you here, your family is probably growing. Congratulations! If you’ve thought now is the time to find a new property to accommodate your growing family, but you’re unsure how your parental leave will impact your ability to get a mortgage, you’ve come to the right place! Here’s how it works. When you work with an independent mortgage professional, it won’t be a problem to qualify your income on a mor

Did you know? Approximately 15%+ of Canadians1 are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. For self-employed individuals with an established business seeking best rate financing, the business must have a minimum two years of history. This includes self-employed applicants who own a

We have had a few clients inquire about stated income mortgages if they are self employed. The number one question: Can I tell the lender what income I make and they just accept it? Short answer - no. Longer answer - A stated income program looks to prove a self employed person's income in a different way than a standard mortgage. For a standard mortgage, the applicant proves their income by providing a combination of T4s, paystubs or a letter of employment, as requested by