Plan Save and Achieve your goals with Deep Das

Mortgages For Self Employed

Mississauga Mortgage Agent

A self-employed mortgage is a residential mortgage on a home, or a commercial mortgage on a commercial property owned by or being purchased by someone who is either self employed or owns their own business or corporation. Because self-employed Canadians have a different type of way of declaring their earnings than salaried employees who are employed full-time or part-time, their declared net income is not always large enough to qualify for a traditional mortgage at the banks in Canada.

Some Requirements to qualify for a self-employed Mortgage

  • Great credit
  • Minimum of two years business-for-self tenure
  • Income stated must be reasonable
  • Minimum of 5% of the down payment must come from own resources
  • Proof no income taxes are owing
  • Additional requirements can be discussed as per individual’s situation

Quick Inquiry

Quick Inquiry Form

✓ Valid