Mortgage: Stated Income

Mortgage approved based only on Stated Income.

If you are self-employed, you may have experienced difficulty when applying for mortgage financing. I understand that significant business revenue does not always translate into significant personal income after you have claimed all your allowable business expenses on your tax return. In some cases, you may have shown little or no taxable income from your business.

Qualified borrowers can get approved with no need to provide pay stubs, job letters, Notice of Assessments, or T4s

Target customers:

• Self-employed contract & seasonal

• Self-employed commission

• Self-employed small business owners

• Self-employed Professionals

• Switching between jobs