Self-Employed Mortgages Ontario | Aldersley Mortgages
Self-Employed Mortgages

Your income has a story.Let's make sure the lender understands it.

Being self-employed doesn't automatically mean getting a mortgage is difficult. The challenge is that your income may not fit neatly into the way a traditional employee's income is documented.

Why self-employed income can look different

  • Business expenses can affect taxable income.
  • Income may vary from year to year.
  • You may pay yourself through different structures.
  • Commission, dividends or retained earnings may be part of the picture.
  • Your business may be newer than a conventional lender prefers.
The Real Issue

It's often about how the income is documented.

Traditional salaried income can be straightforward to verify. Business owners often have a more complicated financial story.

That doesn't mean the story can't be understood. It means the application needs to present the business and personal finances accurately and in the right context.

What We'll Look At

Your business is more than one number on a tax return.

The right lender depends on the complete picture.

Business Income

Understand how your business earns money and how that income has changed over time.

Tax & Financial Documents

Review the documentation available and how lenders may interpret the income it shows.

Credit & Debts

Look at your existing obligations alongside the income being used for qualification.

Property & Down Payment

The property, equity and available funds are also part of the overall lending picture.

A Better Application Strategy

We start with the whole picture.

Rather than assuming one lender's income calculation will work, we can look at appropriate lender guidelines and determine which options may fit.

The goal isn't to hide the complexity. It's to explain it clearly and match the application to a lender that understands the situation.

What matters“The strongest application isn't always the one with the simplest income. It's the one where the financial story is clear, complete and supported by the right documentation.”
Frequently Asked

Your questions, answered.

Can self-employed people qualify for a mortgage?+
Yes, self-employed applicants can qualify. The available options depend on income, business history, documentation, credit, down payment, property and lender guidelines.
How do lenders calculate self-employed income?+
Different lenders can have different approaches to self-employed income. The calculation may depend on business financial statements, tax documents and other supporting information.
What documents should I prepare?+
The exact list varies. Depending on the application, lenders may request tax documents, notices of assessment, business financials, bank statements and other evidence of income or business activity.
Does being newly self-employed make getting a mortgage impossible?+
Not necessarily. A newer business can create additional complexity, but the available options depend on the broader financial picture and the lender's requirements.
Should I apply at my bank first?+
You can, but an independent mortgage review may be useful when your income is complex because different lenders can have different policies for self-employed applicants.
No Pressure

Let's make the next step clearer.

Bring your questions and your situation. We'll look at the options together before you decide what to do.

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A straightforward conversation about your mortgage goals.