Mortgages for self-employed individuals and small business owners have become a very popular mortgage product over the past decade. Today, more and more Canadians are opting to work for themselves or go on contract with their existing companies rather than receive a salary. There are certainly some advantages to being in business-for-self. Perhaps the greatest is the ability to write-off many personal expenses and ultimately pay less income tax. The downside to this is it can be difficult to prove your income, and after taxes and deductions, you often show less income on your tax return. As a result, you may qualify for a lower mortgage amount or not qualify at all when it comes to applying for a mortgage. Self-employed mortgages are a specific type of mortgage product that is geared toward Canadians who have their own business. Today, this amounts to more than 20% of people and the number continues to rise. We understand times are changing, and we are pleased to work with business owners and help them secure a mortgage. When working with us, if you can prove your income through your personal tax Notice of Assessment forms, getting a mortgage can be as simple as securing a traditional mortgage. At Approved By James, we pride ourselves in being experts when it comes to arranging self-employed or business-for-self mortgages. If you are self-employed, we want your business, and we have a mortgage for you!