Self-Employed

 Being your own boss offers incredible freedom and rewards, but when it comes to securing a mortgage, traditional lenders haven't always understood the unique financial landscape of self-employed individuals. Historically, reducing your taxable income through legitimate business deductions could make it challenging to qualify for the mortgage you truly deserve.

At Mortgage Edge, we believe that being self-employed in Ontario shouldn't be a barrier to homeownership. We specialize in helping entrepreneurs, freelancers, and business owners navigate the mortgage market with confidence. We understand that your income might fluctuate, and your tax returns may not always reflect your true earning potential. That's why we work with a diverse network of lenders who offer innovative and flexible mortgage options specifically designed for self-employed Canadians.

• Beyond Traditional Income Verification: While major banks often rely heavily on declared taxable income from your Notice of Assessments (NOAs), we have access to lenders who consider a broader picture. This includes "stated income" programs, where your income is assessed based on factors like business bank statements, contracts, and consistent cash flow, even if your net income on paper is lower due to legitimate business write-offs.
• Flexible Documentation: We'll guide you on the specific documentation required, which can range from two years of tax returns and NOAs for traditional options, to business financial statements, HST filings, and proof of consistent deposits for alternative solutions.
• Access to Specialized Lenders: We partner with a variety of lending institutions, including major banks, credit unions, and alternative lenders, many of whom have programs tailored to self-employed individuals. This means more options and better rates for your unique situation.
• Strategic Advice: We'll help you understand how lenders view your income and credit, and work with you to present your financial situation in the most favorable light. Whether you've been self-employed for years or are just starting out, we can help you build a strong application.
• Competitive Rates and Excellent Options: Our goal is to ensure you get the best possible mortgage rate and terms. Even with non-traditional income, competitive rates are achievable, especially with proper planning and the right lender.

 Don't let the complexities of self-employment hold you back from owning your dream home in Ontario. Contact us today to explore the excellent mortgage options available and receive a personalized strategy to make your homeownership goals a reality.