Traditional mortgage applications are built around T4 income. If you are self-employed, your tax return often shows significantly less income than what you actually earn, because you write off legitimate business expenses to reduce your tax bill. That is smart accounting. But it creates a problem when a bank looks at your application and sees income that does not reflect your real financial picture.
A stated income mortgage offers a different approach. Instead of relying solely on your Notice of Assessment or tax documents, lenders consider your stated business income alongside other factors like your credit history, down payment, and the overall strength of your application.
Chris works with a network of alternative and private lenders across Ontario who offer stated income mortgage products designed specifically for self-employed professionals. If your tax return has been working against your mortgage approval, this may be the solution you have been looking for.
Qualify based on your stated business income rather than what your tax return shows. Ideal for borrowers whose write-offs reduce their documented income significantly.
Chris works with over 50 lenders across Ontario, including alternative and private lenders who specialize in stated income applications for self-employed borrowers.
Without the burden of extensive income documentation, stated income mortgages can often move through the approval process more efficiently than traditional applications.
Helping self-employed professionals across Ontario find flexible mortgage solutions.
