How To Get a Mortgage When You’re Self-Employed

Securing a mortgage as a self-employed individual in Canada requires extensive documentation, such as tax returns, Notices of Assessment, financial statements, and proof of business ownership. A strong credit score above 680 is important. Challenges include higher down payment requirements and longer approval times. Options include traditional and stated income mortgages, and specialized programs. A knowledgeable mortgage broker can assist with these complexities.