A lot of banks consider self-employed individuals a higher risk because their income isn't easily verified. And while there is heightened scrutiny on mortgage applications for small business owners, we're happy to let you know that there are indeed many options still available to you regardless of the type of income you make.
When you apply for a mortgage as a self-employed individual, you will be asked for different types of income variation to support your application than a regular salaried employee would be asked for. This is one of the main differences in the application process.
The key to securing mortgage financing as a self-employed individual is to plan ahead. Just like you make business plans and have a strategy to grow your business, you need a mortgage plan to ensure you get the best terms when buying a property, refinancing, or renewing an existing mortgage.
We specialize in providing business owners with mortgage options. As business owners ourselves, we understand first hand what it takes to qualify for mortgage financing. We're in the same boat together. We'd love to work with you.
The best place to start is to connect with us directly. The mortgage process is personal. Our commitment is to listen to all your needs, assess your financial situation, and provide you with a clear plan forward.
Sorting through all the different mortgage lenders, rates, terms, and features can be overwhelming, especially if you're self-employed. Let's put together a plan to get you the best mortgage available.
When it comes time to arranging your mortgage, trust that our team will make it happen. We specialize in helping business owners secure mortgage financing. We've got you covered.
If you'd like to run a few calculations before getting started, we'd love to help you? First tell us where you are in your journey to buying a home
Exciting times! Let's find out how much you'll be able to afford once you decide to buy.
If you’re a business owner, you most likely have write-offs that make sense for tax planning reasons but don’t do much for your verifiable income. Learn more about how alternative lenders can offer competitive mortgage products for you.
If you’re planning to buy either your first home or your next home, let’s assess your creditworthiness, take a look at your income, plan for a down payment, and nail down exactly how much you can afford to borrow.
One of the major qualifiers lenders look at when considering your application for mortgage financing is your debt service ratios. Learn more about how your gross debt service ratios (GDS) and total debt service ratios (TDS) impact your mortgage qualification.
If you’re weighing the options between a fixed and variable rate mortgage, consider the penalty incurred should you need to break the mortgage. Learn more here.
Credit is the ability of a customer to obtain goods or services before payment, based on the trust that you will make payments in the future. When you borrow money to buy a property, you’ll be required to prove that you have a good history of managing your credit.
If you’ve missed a payment on your credit card or line of credit and you’re wondering how to handle things and if this will impact your creditworthiness down the road, here’s the plan for you to follow.
If you'd rather send a quick note to get the process started, go ahead, we'd love to hear from you.
Thank you for contacting us.
We will get back to you as soon as possible.
412 Laird Rd Unit 101
Guelph, ON N1G 3X7
204, 10941 120 St, Edmonton,
AB T5H 3R3
223 14 St NW, Calgary, AB T2N 1Z6
Broker of Record:
Gord Ross | gord@indimortgage.ca
Compliance Officer:
Gord Appel | gord.appel@indimortgage.ca
indi Mortgage Solutions - Guelph
indi Mortgage Solutions FSRA 12403, Ontario Canada