Being your own boss is great — until a bank asks for a pay stub. Self-employed people can absolutely get a mortgage. It just takes a broker who knows which lenders understand your income.
Why the banks make it hard
Most business owners write off expenses to lower their taxable income. That’s smart tax planning, but it can make your income look smaller on paper than it really is.
How we help
We know which lenders look at more than your line 15000, and how to present your file so your real earning power comes through. Depending on your situation, there are options with traditional lenders, credit unions and alternative lenders.
What you’ll typically need
- Two years of personal tax returns and Notices of Assessment
- Business financial statements or bank statements
- Proof of your business, such as registration or articles of incorporation
- Your down payment details