The traditional income requirement for self employed individuals is a 3 yr average of the “net income” as reported to Revenue Canada. Because of this requirement, many self employed individuals have a difficult time receiving mortgage approvals because their “true” income is difficult to show the lender.
No problem! We have several different programs available that will allow you to qualify for a larger mortgage than your bank may provide. Through “equity” programs we are able to waive the traditional lending requirements.
