Expert Mortgage Solutions for Self-Employed
Finding a mortgage as a self-employed professional can be challenging. We offer flexible financing solutions that reflect your true income and success, helping you achieve homeownership with confidence.
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Why Self-Employed Ontarians Face Mortgage Hurdles
Being your own boss means your finances don't fit into the neat boxes big banks demand. This is precisely where Mortio Financial steps in.
Variable Income
Fluctuating income can make it hard for traditional lenders to recognize consistent, qualifying income.
Tax Deductions
Legitimate write-offs can reduce your reported income, which is typically the figure banks use to assess mortgage eligibility.
Strict Documentation Requirements
Traditional lenders usually demand at least two years of specific tax returns, providing limited flexibility for newer businesses.
Flexible Mortgage Options with Mortio Financial
When banks say "no," we say "yes." Mortio Financial mortgage strategists assess your actual business cash flow to build a powerful case for approval.
Stated Income Programs
Ideal for applicants with significant write-offs. This program allows you to declare a realistic income based on your industry and business success.
Bank Statement Programs
We use 6-12 months of your business bank statements to qualify you based on your gross revenue and deposits.
Expertise in 'Income Add-Backs'
We identify legitimate business expenses that can be 'added back' to your income, significantly increasing your borrowing power.
Solutions for Newer Businesses
We have access to lenders with flexible programs for recently established entrepreneurs.
Self-Employed Refinancing
Access your home's equity to consolidate debt, invest in your business, or fund renovations.
And Much More...
Our network of lenders offers a wide range of solutions beyond traditional bank offerings.
Ready to Discuss Your Options?
Our self-employed mortgage specialists are here to provide the expert advice you need, with no obligation.
Book Free ConsultationWhy Mortio is the Premier Choice
We combine specialized expertise with a vast lender network to turn your entrepreneurial success into homeownership.
We Are Specialists
We don't just dabble in self-employed mortgages; it's a core focus of our business. We understand your challenges because we solve them every day.
Access to the Right Lenders
Our extensive network includes B-Lenders and private institutions that specialize in and welcome self-employed applications.
Strategic & Transparent Advice
We provide clear, expert guidance on how to position your finances for a successful approval, ensuring you understand every step.
Focus on Your Real Income
We build your application around your actual cash flow and business strength, not just your declared income on paper.
Solutions for All Your Goals
We offer a full suite of services for both purchases and refinancing to help you achieve your specific real estate and financial goals.
Fast & Efficient Processing
We streamline the application process, leveraging technology to get you from application to approval faster than traditional banks.
Serving Entrepreneurs Across Ontario
We proudly arrange alternative mortgages for self-employed homeowners across the province, including major hubs like Toronto & the GTA, Ottawa, Hamilton, London, and Kitchener-Waterloo. Our service extends to all municipalities within Peel, Durham, Halton, York, and Simcoe County.
Frequently Asked Questions
Lenders' methods vary. Traditional banks typically average the net income from your last two years of tax returns. However, this often doesn't reflect your true cash flow due to business write-offs.
- Stated Income Programs: Allow you to declare a realistic income based on your industry, supported by other financial documents.
- Bank Statement Programs: Analyze 6-12 months of business bank deposits to establish a qualifying income level.
- Add-Back Programs: We "add back" certain business expenses to your net income to create a more accurate picture of your affordability.
This is a very common situation. While smart for your business, it reduces the net income on your tax documents, which can limit borrowing power with conventional lenders. This is where alternative lending solutions become crucial, as they focus on the actual health and cash flow of your business.
- Standard Documents: Government-issued ID, proof of down payment.
- Business Verification: Business license or articles of incorporation, GST/HST registration.
- Alternative Program Documents: 6 to 12 months of business bank statements, signed contracts showing future revenue, financial statements from an accountant.
The approval timeline varies depending on the lender and the complexity of your application. With our streamlined process and expertise, we can often get you pre-approved within a few days. Full approval typically takes 1-3 weeks, depending on how quickly you can provide the required documentation.
Down payment requirements depend on the type of mortgage and lender. Generally, you'll need at least 20% down for most alternative lending programs. However, some programs may accept lower down payments depending on your specific situation and the strength of your application.
Let's Build Your Future
You've worked hard to build your business. Now, let us provide the expert guidance you need to secure your property.
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