Self-Employed Mortgage Help
Do you need a mortgage but think you don't qualify because you're self-employed? We can help! We have the financial solution for your unique employment situation. At LendToday, we can offer you:
- An easy and simple application process
- A variety of self-employed mortgage programs
- More low-income and bruised credit solutions
- A network of lenders specializing in self-employed borrowers
- Expert advice from mortgage specialists who will guide you through the application process
Self-Employed Mortgage Solutions
Understanding what many lenders look for when they are considering your application for a mortgage is essential. This includes the nature of your business because it gives banks and other lenders an insight into where your monthly revenue is coming from.
For example, a construction company owner can operate in many different construction industry sectors. Mortgage lenders need to know whether the business caters to commercial or residential clients as well as the type of construction work they do.
Another critical measure of your business is the length of time it has been operating around. Gone are the days when you could open a business today and, in a few months, qualify for all kinds of credit because you generated a ton of revenue.
Instead, most lending institutions want to see at least two years of self-employed history to back up any income claim on an application. This two-year history will show the stability of your income and employment.
Let’s Get You Started
Apply for a Self-Employed Mortgage Now!
We want to help you focus on what’s most important to you, be it your family or your business
How To Qualify for a Self-Employed Mortgage in Canada?
- 4 Essential Documents that Make your Application Easier
Being a self-employed individual allows you to direct your revenue stream from many different ways. The good news is even though there are tough guidelines to qualify for a self-employed mortgage today, we know exactly what documents matter to be approved.
Here is a list of supporting documents that will strengthen your application for a mortgage:
-
12 months of business bank statements
(or personal bank statements if that's all you use) - 6-12 months of invoices
- Business Registration and Licensing documents
- Contracts
These documents will help your mortgage broker better understand the income you generate versus the income you declare. Of course, there is a lot of calculation behind identifying which income can be used and which cannot – leave that all to us and our expert mortgage brokers.
Great Self-Employed
Mortgage Rates
There are several self-employed mortgage lender options available that come with great rates and faster approval. There are also CMHC (Canada Mortgage and Housing Corporation) programs that are built to assist self-employed people.
Transform from Struggling to Stress-free Self-Employment!
Applying for a mortgage as a self-employed individual? Relax and let our team of experts assist you with finding the best financing solution for your needs.
LendToday Options for Entrepreneurs
Here at Lendtoday.ca, our team of expert mortgage brokers had been working with self-employed people who have been turned down for mortgage applications at big banks, and these include those who have been turned down several times. We work with an extensive network of lenders who understand the challenges that self-employed borrowers must overcome to qualify for a mortgage.
- We work tirelessly to find mortgage solutions you can depend on.
- Our team of administrators, underwriters, and agents take the time to understand your situation and discuss your options.
- We have access to over 50 lenders which means you stand to get the best mortgage solution for self-employed that you qualify for.
- Many lenders provide financing options to help you get into your new home, or refinance an existing home, and to improve cash flows.
If you are still searching for options, book a free consultation with our team today. Why wait? There’s nothing to lose. Contact LendToday.ca now or apply online and check out how we can help.
Why Choose LendToday.ca for a Self-Employed Mortgage?
With 30 years of experience in the mortgage industry, we will help you find the most suitable mortgage option for your business. As a business owner or self-employed individual, we know your needs are unique, and we’re here to assist you in getting the mortgage terms you deserve.
Here are 3 reasons our clients prefer us to other lenders:
- We have access to a robust roster of self-employed mortgage Canada lenders nationwide.
- We make the process as fast and easy as possible.
- We'll work with you even if banks and conventional credit institutions won't.
Self-Employed Mortgage FAQs
If your tax returns indicate a low net income, but you have documentation proving you earn more, some lenders will still consider your application for a mortgage. Presenting reliable proof of your income will make the lender feel more comfortable about approving the loan for you.
Using a knowledgeable mortgage broker that can walk you through your options is key to getting your mortgage loan approved. Whether you’ve been self-employed for 3 months or owned your business for many years there a steps that you can take to ensure you get the loan your looking for.
No matter your credit score, or income there are simple business for self programs to fit your needs. Talk to the team at LendToday to find a suitable solution for you.
Struggling with Self-Employed Mortgage Application Approval?
Your Struggle Ends with just One Click Away!
You can depend on us when it comes to your financial needs. You'll get the best mortgage service available.
I just want to say thank you so much for helping us with our refinancing as it was a pleasure working with you. I will definitely refer you to our family and friends should they need a mortgage broker. Have a great weekend!
Lisa Hobbs
Just wanted to drop you a note to say thanks again! I just looked at my new amortization schedule and I am so glad I made the initial call to you. My mortgage is going to be paid off 6 years sooner and I am saving $700 per month.
Brian P
I can’t believe we put off refinancing our home as long as we did. Looking back at what we were paying and what we are paying now makes me want to cry. We are saving over $1300 per month in payments. Thanks again for everything you did!
Kevin B
Working with LendToday.ca
Our expert team of experienced mortgage brokers has more than 30 years helping people qualify for loans and work with many different lenders. We’ll help you find the right solution for your lending needs. Even if you don’t qualify with your bank today – we will help turn things around for you.
We also offer in-house credit repair services. Our process will eventually have you qualifying for a self-employed mortgage even if you’ve filed a bankruptcy or consumer proposal, lost your job, or maxed out your credit. We can help.
Give our team a call and let us show you how to rehabilitate your credit and improve your credit score. If you apply online today, we’ll get you an answer in as fast as 24 hours. Live your dreams – we can help with that!
