Can I Still Qualify for a Mortgage If My Reported Income Is Really Low? YES!

Self-employed individuals often reduce their taxable income using deductions, which can make it harder to qualify for a mortgage. However, the good news is that you can still qualify, even if your reported income is low. Lenders may consider other factors like your down payment size, business history, and overall financial health to assess your application.?

At CoffeeandMortgage.ca, we work with flexible lenders who understand that self-employed individuals might not have high NOAs due to write-offs. Instead, we rely on documentation such as 12 months bank statements, business records, and other evidence of income to help you secure the best mortgage renewal-refinancing options.?

Our Commitment to Self-Employed Clients?

With over 23+ years of real estate and banking experience, we understand the unique challenges self-employed individuals face when securing a mortgage. Our goal is to provide you with the support and guidance you need to navigate this process successfully.?

If you’re self-employed and looking to renew or refinance your mortgage or if you simply have questions for when you are ready in the future, please don’t hesitate to reach out today!

I would be happy to work with you to ensure you have the necessary documentation, understand your options, and can obtain a pre-approval to help you understand how much you qualify for.??

Got Any Mortgage or Real Estate Questions??

Always here to help.?

Kiruban Kana?

Ex-Banker | Vice President & Mortgage Agent Level II?

C: 416-219-4820 | [email protected]?

CoffeeandMortgage.ca?

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