We often wonder why it’s difficult for self employed to obtain a mortgage when nearly 20% of all income earners in Canada are self employed. This is because income is not always easy to prove.
Many business owners expense as much as possible to reduce their taxable income. This makes it difficult to qualify for the mortgage. I understand business owners because I’m self employed as well!
There are a variety of self employed income types, from:
- Employed and Self Employed at the same time.
Don't try to figure out these programs, on your own. Let me help you navigate this process for you.
If you have been self employed for less than 2 years, we may need: