Equity Mainly Matters: Navigating Self-Employed Mortgages in Canada

Equity Mainly Matters is your dedicated ally in the complex world of self-employed mortgages. We offer specialized mortgage and refinancing solutions tailored to the entrepreneurial spirit of Canadians. Our approach is centered on understanding the nuanced financial scenarios of the self-employed, ensuring you don’t just qualify for a mortgage, but you thrive with it.

Understanding Self-Employed Mortgages

A self-employed mortgage is a financial solution designed for individuals who work independently or run their own businesses. Traditional income verification methods don’t always suit the self-employed, so these mortgages take a more holistic view of your finances.

Characteristics of a Self-Employed Mortgage

  • Flexibility in Income Assessment: Recognizing fluctuating income patterns and diverse revenue streams.
  • Customizable Terms: Tailored to fit the unique challenges and opportunities of your business model.
  • Focus on Future Earnings: Considering the growth potential of your self-employment ventures.

Why Choose Equity Mainly Matters?

Commitment to Service:

  • Personalized Consultations: One-on-one sessions to understand your specific needs and financial aspirations.
  • Expert Guidance: Our team consists of industry experts who specialize in self-employed mortgages.
  • Success Stories: A track record of helping numerous self-employed individuals like you.

Comprehensive Mortgage Solutions:

  • Wide Range of Products: From conventional mortgages to more creative financing solutions.
  • Competitive Rates: Access to an extensive network of lenders to ensure you get the best rates possible.
  • Innovative Approaches: Utilizing less conventional forms of income verification to broaden your options.

Key Services Offered:

Mortgage Options for the Self-Employed:

  • First-Time Home Buyers: Tailored advice and mortgage solutions for those entering the property market.
  • Property Investment: Financing solutions for purchasing rental or commercial properties.
  • Refinancing Solutions: Options to refinance your existing mortgage for better terms or to consolidate debt.

Advisory and Support:

  • Application Assistance: Guidance through every step of the mortgage application process.
  • Financial Planning: Long-term strategies to align your mortgage with your business growth.
  • Post-Approval Support: Ongoing advice to ensure your mortgage continues to work for you.

Steps to Your Self-Employed Mortgage:

  • Initial Consultation:
    • Discuss your financial scenario, business model, and property aspirations.
  • Financial Assessment:
    • In-depth analysis of your income, expenses, and overall financial health.
  • Mortgage Strategy:
    • Crafting a mortgage plan that considers your fluctuating income and self-employed status.
  • Application and Approval:
    • Assisting with documentation, application submission, and navigating the approval process.
  • Closing:
    • Finalizing the deal with comprehensive support and guidance.

Navigating Challenges:

  • Understanding Tax Implications: How your business expenses and deductions affect your mortgage options.
  • Overcoming Credit Hurdles: Strategies for those with less than perfect credit.
  • Navigating Market Fluctuations: Adapting your mortgage strategy to align with economic changes and industry trends.

Getting Started:

  • Free Consultation: Begin with a no-commitment conversation to explore your options and understand our services.
  • Customized Quote: Receive a mortgage plan designed specifically for your financial landscape.

By partnering with Equity Mainly Matters, you’re choosing a team that understands the hustle of self-employment and the importance of property ownership. We’re here to guide you through each step, ensuring that your mortgage isn’t just a liability but a stepping stone to greater financial freedom and success.


Expanding the content further with a Call to Action (CTA) and a Frequently Asked Questions (FAQs) section will provide clear next steps for potential clients and address common queries. This addition aims to engage readers more deeply and encourage them to take the next step towards securing their self-employed mortgage with Equity Mainly Matters.

Ready to Take the Next Step? Contact Equity Mainly Matters Today!

Don’t let the complexities of self-employment hold you back from your property dreams. With a team of dedicated professionals and a wide array of mortgage solutions, Equity Mainly Matters is here to guide you to the right mortgage.

Act Now:

  • Schedule a Free Consultation: Talk to one of our mortgage specialists about your needs and how we can assist.
  • Get a Personalized Mortgage Assessment: Let us provide you with a tailored strategy that fits your unique situation.
  • Start Your Journey: Begin the process to a successful mortgage application with expert guidance every step of the way.
HOW DOES A SELF-EMPLOYED PERSON QUALIFY FOR A MORTGAGE IN CANADA?

A Self-Employed Mortgage lender might require the following documents for qualification:

  • Income Tax returns for the past 1 or 2 years.
  • Statements outlining Business Finances
  • Copy of the business license or articles of incorporation
  • Any contracts demonstrating future income
  • Notice of Assessment from CRA as proof that personal Taxes are being paid
  • Proof that HST and/or GST is paid in full
  • Personal Bank statements showing additional income going into the borrowers account from other sources
  • Credit check if required
  • Proof that you are a principal owner/resident of the business/home
  • Have a down payment available of at least 20%

If you’re Self-Employed individual and thinking about buying a house, you’ll need to jump through a few extra hoops, but it is possible. Gather all of your financial documents before getting started, and engage the services of a Mortgage Broker who can guide you through the entire process of your Mortgage loan.

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Home Equity Loans Approved In Less Than 24 Hours!

Borrow against the equity of your Property
NO Appraisal Required For 2nd Mortgages! (Up To 80% LTV in The GTA)
NO Income/Credit Requirement
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Services Provided

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A & B Lender

Private Lender

Private Mortgage

Mortgage Broker

Home Purchase Mortgage

First Mortgage (1st Mortgage)

Second Mortgage (2nd Mortgage)

Refinance

Bad Credit Mortgage

Equity Take Out/ Home Equity Loan

Debt Consolidation/ Home Renovation

STOP Power of Sale / Foreclosure

Income Tax Arrears/ Mortgage Arrears

Property Tax Arrears/ Consumer Proposal

Low Interest Rates & Low Fees

Up To 90% LTV Approved

Self-Employed= OK!

Low/No income= OK!

Bad Credit= OK!

Equity Approved Loans!

NO Income Documents Required!

Quick Quotes (10-15 Minutes)

Fast Approvals (3-4 Hours)

Fast Closing (24-48 Hours)

JACOB FOURNIER
Hamilton, Ontario

I had a very pleasant experience working with Shawn Sef at Equity Mainly Matters Loans. We contacted Shawn looking for help in order to pay off our high interest credit card debts. Shawn made the process very easy for us by explaining the Mortgage loan details for the Debt Consolidation Mortgage Solution which he recommended for us. Shawn was actively present every step of the way and was very knowledgeable. I will definitely recommend Shawn to my peers due to his knowledge, professionalism and expertise.

PATEL SINGH
Brampton, Ontario

Shawn is extremely passionate about his job. Shawn always demonstrates a positive and professional attitude. His easy going and friendly personality always makes the experience of working with him fun and stress free. Shawn made the entire Mortgage loan process very simple for me to which I’m thankful for. Shawn is very proactive and updates me on a regular basis in regards to my file.

LINA ZHANG
Markham, Ontario

Me and my husband had never worked with a Mortgage Broker before. I needed to consolidate all of my debts. I was paying high monthly interest fees to my creditors and my bank informed me that I couldn’t get approved with them because of my low credit score. Shawn did an excellent job by helping me consolidate and pay off all of my various high interest debts. I’m now debt free. My credit score has improved and I don’t owe creditors any monthly high interest payments. We went from paying $1,650 month towards our credit card debts and loans, to now paying only $520 month which helped us build up a good savings. Shawn rescued us from our creditors and helped us save an extensive amount of money for our families future.

LEROY WILLIAMS
Scarborough

As a first time home buyer, we required a Mortgage broker who was willing to be very patient with us and to explain every detail of the Mortgage loan process and provide us with as much information as possible. Shawn informed us of the exact required down payment amount (based on the types of lenders that we qualified for), fees, closing costs, Land Transfer tax etc. Shawn was very good in providing us with accurate rates, figures and calculations which we realized we could afford the monthly Mortgage payments and make the Home Purchase work. One other important factor was that Shawn kept on top of our file by updating the progress every step of the way which was very important to us. Shawn is very proactive which we appreciated!

MICHELLE PARKER
Toronto, Ontario

Shawn helped our family obtain a low rate 2nd Mortgage from a Private Lender. Banks turned us down as we failed to meet their requirements for the stress test, income and credit criteria. However, Shawn was able to find various Private Lenders/Investors that were interested in making us an offer and we ended up taking a great offer for a 2nd Mortgage which made the most sense for us. We will definitely refer our family and friends to Shawn in the near future. I can’t say how much I appreciate all the time and effort Shawn put into our file.

SHAYNE STANLEY
Mississauga, Ontario

Shawn demonstrates excellent customer service skills. He’s always very quick to respond to my emails and calls. Shawn helped me get approved twice in the past year alone and I hope to work with him again in the near future. Shawn was very friendly, attentive and dedicated his time and effort by providing me with solid knowledge, expertise and advice which in return helped the process of purchasing my first home very easy and stress free. Shawn even followed up on my behalf with my lawyer in order to finalize all the details. I would highly recommend his services.

FATIMA NASER
Ottawa, Ontario

From the first time I spoke with Shawn Sef, I felt comfortable and at ease which was due to his calm and patient personality and attitude. He was also very understanding and caring to our current situation and needs by providing the best course of action for us to take which made the most sense for our family. Shawn is very knowledgeable within the mortgage field and delivered exactly what he said he would. He even provided us with accurate closing/funding dates from day one. I would definitely recommend Shawn Sef to any borrower looking for a good
Mortgage broker.

BEN JOHNSON
Toronto, Ontario

Shawn had helped my wife and I obtain a 2nd Mortgage from a Private Lender last year. We used the majority of the Mortgage loan proceeds to help renovate/upgrade our home. Once the refurbishments had concluded, we ordered a new appraisal and noticed that our house value had increased substantially. The following year, Shawn helped us refinance both our Institutional and Private Mortgages into a new low rate, 1st Mortgage with an A Lender (Bank) which is going to help us save an extensive amount of money in monthly payments moving forward. I’m very thankful for Shawn’s knowledge, skills and expertise within the mortgage industry which ended up helping us save thousands of dollars.

Frequently Asked Questions (FAQs)

Can I qualify for a mortgage if I’ve been self-employed for less than two years?

  • While traditional banks might require a longer history, we understand the entrepreneurial journey and offer solutions that consider your entire financial picture, not just the length of time you’ve been in business.

How does my credit score affect my mortgage application as a self-employed individual?

  • A good credit score can provide access to better rates and terms. However, we consider the whole story — your business success, growth potential, and overall financial health — not just a number.

What kind of documents will I need to provide?

  • Typically, you’ll need financial statements for your business, personal tax returns, and any other documentation that demonstrates your income and financial stability. We’ll provide a detailed list based on your specific circumstances.

How much down payment is required for a self-employed mortgage?

  • Down payment requirements can vary depending on the lender and your financial situation. We’ll work with you to find a solution that fits your needs and helps you secure your mortgage.

Can I still qualify for a mortgage if I have variable income?

  • Yes! We specialize in understanding and working with the variable income patterns common to self-employed individuals. We’ll help you present your financial situation in the best light possible.

What are the interest rates for self-employed mortgages?

  • Rates vary based on the lender, your credit score, down payment, and other factors. We’ll help you navigate these variables to find the most competitive rate for your situation.

How can I improve my chances of approval?

  • Keeping accurate financial records, maintaining good credit, reducing debts, and providing a solid business plan can all improve your chances. Our team will advise you on specific strategies for your situation.

Are there any special programs or incentives for self-employed individuals?

  • There are various programs and incentives available, depending on your situation and the property you’re interested in. We’ll inform you of any opportunities that may benefit you.