Business For Self Mortgage

You own your business. Helping you own your home is ours.

As an entrepreneur, it's reasonable to believe that ownership of your home is achievable. Yet, people who operate their own businesses often face difficulties arranging financing for a home. Lenders traditionally require a 3 year average of a self employed individuals “net” income (income after expenses but before income taxes) as reported to Revenue Canada. A lot of self employed people’s “true” income is much greater than their “net” income. This is why lenders have created a flexible mortgage that offers a streamlined approval process based on your personal credit history not your “net” income.

Depending on the money you have available for a down payment, you can select a low-cost High Ratio mortgage that requires as little as 10% down¹ or a Conventional mortgage with a down payment of 25% or more.

Funds are available whether you are purchasing a home or refinancing² an existing mortgage.

1. Mortgage must be insured against default by GE Capital Mortgage Insurance Corporation.
2. Applicable to residential mortgages only. Subject to meeting the lenders usual credit criteria.

Some conditions apply.