Self-Employed Borrowers
Your tax return is not always the whole income story.
Before filling out a long application, let’s understand your business, income history, down payment and what type of mortgage strategy may be worth exploring.
Business income reviewLook beyond one number
Document planningKnow what may be needed
Multiple lender policiesNot every lender assesses the same way
Lovepreet GrewalMortgage Agent Level 2
IncomeUnderstand the story
DocumentsPrepare only what matters
StrategyFormal application after the call
What we review first
1
How you earn income
Business structure, history, ownership and how income appears on your tax returns.
2
Your mortgage goal
Purchase, refinance, investment property or another financing need.
3
What documents matter
We identify the useful documents before asking you to upload a large package.
Documents often discussed later
- T1 Generals and Notices of Assessment
- Business financial statements where applicable
- Business registration or incorporation details
- Down-payment/source-of-funds documents for a purchase
Have you already been told your income is too low?
Different lenders and programs can assess self-employed borrowers differently. A proper review starts with understanding why the first approach did not work.
Call Lovepreet