Self Employed people are our Heroes.

Self Employed Mortgages

You are an achiever, an entrepreneur, a business owner. Time means money to you. You often create jobs and contribute directly towards economic growth of our country. And We understand your world very well, as we are self-employed too.

Tax deductions can reduce a self-employed or business owner’s reported income. With a self-employed mortgage, the lender will consider your self-employment income or business income by adding a gross-up to increase your self-employed income by 15%, or by adding back the deductions to your income. This can help you qualify for a larger mortgage than you otherwise would be eligible for.

We deal self employed mortgage everyday, and we are one of highest mortgage volume provider to Canada’s top lenders. Our approval rate of 9/10 applications for Self Employed Mortgage, which shows our expertise and commitment to get your mortgage approved.

Document needed for Self Employed applicants are very simple and straight forward. Your six months bank statement will suffice for a proof of income. You need minimal tax document. Our alternate lending option gives you bigger approval amount and quicker approval.

Quick comparison between various rates and what it means in terms of $$ value in your Mortgage payment. This table will help you know your math, and help you to take a rational decision on home buying vs waiting.

Rate Monthly Mortgage Pay per 100K
2.50%$395
2.75%$407 (difference of $12 compared to 2.5%)
3.00%$420 (difference of $13 compared to 2.7%)

With current price appreciation rate, waiting for one year over $1M home buying decision might cost you up to 300K opportunity cost.

Opportunity Cost: (Increase in home price+ Rent you pay while you wait+ Additional Interest you pay on increase home price+ Additional Down payment due to increased home price+ Additional Closing Cost).

Please feel free to set up a free consultation call with us. We are available in person as well as virtual session.

Note: No solicitation. Calculation above is just an example for educational purpose with random values. It may not reflect your actual situation.

How much is my HOME WORTH?

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