Mortgages for Self Employed
Did you get a “No” on your mortgage application from a big bank or traditional lender?
Think it’s impossible to get on the housing ladder as an entrepreneur or you work on commission?
We can help you get a YES!
We offer excellent mortgage solutions for self-employed or commission-based people through our network of alternative & private lenders.
Traditional lenders have highly rigorous lending criteria due to tough government regulations; this makes it difficult for self-employed or commission-based people qualify for a mortgage. Bottom line is banks and other traditional lenders view entrepreneurs or commission-based as high risk and more likely to default on their mortgage payments.
Our network of self-employed/commission-based friendly lenders understands that entrepreneurs and gig workers have tax write-offs creating significant reductions in their declared income, may not have a long enough track record as a self-employed individual, or may not be able to provide income verification.
Our alternative and private lenders fill a significant gap created by the highly regulated banks. They are more flexible because they are not bound by strict lending laws and know that 16% or $1.1 million of Ontario’s working population is self-employed and they would be missing out on a huge segment of if they did not have options for the self-employed. In other words, they want your business and we can help find you the right flexible lender for your self-employed/commission-based or no-income-verification mortgage.