Mortgages For Self-Employed
Being a business owner, your financial situation is unique. We can help you find the mortgage that fits right.
Owning your own business can be complicated enough. Getting a mortgage for your dream home doesn’t have to be! At Anava Financing, we specialize in all types of mortgages, whether they are required by salaried employees, or business owners. We work with lenders to provide the best self-employed mortgages with preferred rates.
Mortgages for self-employed individuals require extra documents to prove income, as the process varies compared to those employed by larger companies. Being self-employed, you may need to produce your most recent notices of assessment from the Canada Revenue Agency. Generally, the last three years are required.
Some other documents you may be asked to supply are the recent financial statements of your company, proof the down payment is not a gift, proof of future revenue (ex. Contracts), payment acknowledgments of GST/HST, and personal credit scores/reports.
If you can present these notices to the lenders, you may be able to secure traditional mortgage rates. If not, you may still be eligible for a mortgage, however, it will likely require a higher down payment.
Whatever your situation, our expert brokers can help you navigate the process and get you the mortgage for your dream home!
Your dream home is now within your reach
Let us help you buy the home you’ve always wanted. Our expert brokers will be in touch and guide you through the entire process.
Other documents that may be required
- Recent financial statements of your company
- Proof that the downpayment isn’t a gift
- Proof of future revenue for your business in the form of contracts
- Up to date payment acknowledgements of your GST/HST payments
- Personal and credit scores and reports
If you can present these notices to the lenders, you may be able to get the regular mortgage rates. If not, you may be eligible for a mortgage, however, that might require a higher down-payment.
Whatever may be your situation, our expert brokers can help you navigate through the whole process and get you the mortgage for your dream home!
