​Self Employed? Let's Get Started

Call Us Now!

​3 Simple Options:​
Choose One and Let's Get Started

250.483.5558

​Matt - Victoria BC

Andrew and his team were excellent. Very thorough, great communication. Highly recommend!

​Janine - Victoria BC

​Andrew is a very knowledgeable mortgage broker here in Victoria. I highly recommend Andrew and his team! They are available seven days a week and late in the evenings which is important for me as I run my own personal training and fitness bootcamp business. Thank you Andrew for being so fantastic with your top notch service, you are truly a professional!

​Hamid - Victoria BC

He (Andrew) got me a mortgage when almost nobody else could. Don't call him last, call him first. It saves you time.


Victoria-Mortgage-Broker-Self-Employed

​​Are You Self-Employed?
(​​We can help you get approved!)

Your Mortgage Pre-Approval
LOWEST RATE GUARANTEE!

​Small and medium-sized businesses are the engine of the Victoria economy.

When it comes to mortgages, it hasn’t always paid to be self-employed. Reducing your taxable income can be great to help you build your business, but can make it difficult to qualify for the mortgage you deserve. We understand business owners because we’re business owners, too.

We work with national, local and private lenders who offer flexible mortgage options for self-employed borrowers. These lenders understand that self-employed individuals have tax write-offs creating significant reductions in their declared income. With many of these mortgage lenders, you can be flexible in proving your income and many times a reasonable estimate of your annual income will be acceptable. We’re here to help you get the best deal out there.

Small and medium-sized businesses are the engine of the Victoria economy.
When it comes to mortgages, it hasn’t always paid to be self-employed. Reducing your taxable income can be great to help you build your business, but can make it difficult to qualify for the mortgage you deserve. We understand business owners because we’re business owners, too.
We work with national, local and private lenders who offer flexible mortgage options for self-employed borrowers. These lenders understand that self-employed individuals have tax write-offs creating significant reductions in their declared income. With many of these mortgage lenders, you can be flexible in proving your income and many times a reasonable estimate of your annual income will be acceptable. We’re here to help you get the best deal out there.
Need a mortgage pre-approval before you go house hunting? Find out how much you can afford well in advance. This will keep you focused on shopping for homes within your price range. When you qualify for a pre-approved mortgage, you’ll be certain of the size of mortgage for which you qualify. Often you can lock-in your rate for a specific period of time up to 120 days. And even if you don’t qualify for a pre-approved mortgage initially, we work with you to assist with your financial strategy and budgeting. All at no cost to you. Everyone deserves a home. Let’s work together to make it happen for you.
(…What you need to know!)
Your Mortgage Pre-Approval

Your Victoria ​Self-Employed
Home Buyer Mortgage Pro:

our Victoria Mortgage Pre-Approval Experts:

Your Best Deal...

  • check
    ​​Flexible Income Qualification
  • check
    ​​Multiple Lenders to Choose From
  • check
    ​​Choice of Terms from 1-5 Years
  • check
    ​Make An Offer With Confidence

What You'll Get...

  • check
    ​Professional Local Service
  • check
    ​Impartial Advice
  • check
    ​​Flexible Appointment Hours
  • check
    ​Access to the Absolute Best Rates
What You'll Get...
Get Us Working For You!

Call Us Today! 250.483.5558

Call Us Today! 250.483.5558

How It Works:

How It Works:

Step 1: Your Mortgage Needs

We take the time to understand your unique situation. Are you a local contractor or tradesperson? Or do you provide independent consulting services globally? There are many different types of income. It’s critical to determine what type of mortgage product you may qualify for early in the process.

Our initial consultation is all about you. We can meet in person or schedule a short phone call. We know the questions to ask to get the heart of your pre-approval requirements quickly. Will this home be your primary residence? Will there be rental income from a suite? Or will this property be an investment rental property? Each home purchase and pre-approval situation is unique. We take the time to understand what your immediate and long term goals are so that you are purchasing with confidence.
Step 1: Your Mortgage Needs
mortgage-broker-victoria-bc-howitworks1
mortgage-broker-victoria-bc-howitworks2

Step 2: ​Credit Assessment

One of the most important aspects of the self-employed application is the assessment of credit. Many times the business owner is using personal credit to finance business activity and those details must be clearly documented in order to maximize borrowing power and rate options.

Step 3: ​Application Completion

​We will assist with all of the documents required and often will work directly with your accountant to get all of the necessary details in order to complete your application. Once that’s complete you will have lenders fighting for your business. We then work with you to look over the various options so you can make an informed decision.

We will assist with all of the documents required and often will work directly with your accountant to get all of the necessary details in order to complete your application. Once that’s complete you will have lenders fighting for your business. We then work with you to look over the various options so you can make an informed decision.
Step 3: Your Pre-Approval
Once you have your pre-approval you can search for your new home with confidence. You’ll know the type of property, the price range and whether there must be an income suite. As the property is the asset that is securing the financing, the property itself plays a very large role in the final approval. In general you will want a thorough home inspection, and the lender may need a full appraisal of the property in order to meet the final mortgage approval criteria.
mortgage-broker-victoria-bc-howitworks3
Get Us Working For You!

Call Us Today! 250.483.5558

Call Us Today! 250.483.5558

​Important Factors in a Mortgage Pre-Approval?

Income Qualifi​​​​cation

Income qualification is different for everyone. ​If you are self-employed we may require your full T1 General tax returns for the past 2 tax years and confirmation that your personal income taxes are paid up to date. And if you own a corporation we may need the corporate returns as well. In some cases it may be difficult for you to prove your income so we will have to find a suitable mortgage product that can accommodate your stated income situation.

Credit Score

Did you know that there are millions of errors on credit reports? And in some cases there is old data that is critically affecting your ability to borrow. We approach your credit report in logical way and do a thorough assessment so you can ensure the accuracy of the data. This is the number one reason we like to see people well in advance of their home purchase. Sometimes it can take months to repair a credit mistake. See us early and let’s make sure your credit is accurate. And what about the conventional wisdom that says your score goes down every time your credit report is accessed? It is quite possible that repeated credit access by potential creditors can affect your score. Since we only access your credit once and have access to dozens of lenders, we minimize this possibility.

Down Payment Verification

Are you planning to use savings for your down payment? You will need 90 days of account history. Are you planning to use a gifted down payment? You will need the proper gift form. What about using RRSP’s for your down payment? Yes you can do that as well. There are certain rules that allow you to access your RRSP funds without penalty, essentially loaning the money to yourself. The funds have to be paid back on a set schedule and you cannot have owned a home in 4 years. What if your co-applicant or spouse has not owned a home in 4 years, but you have? Well you can still use the $25,000 allowance from your co-applicant or spouse. Call us for details!

Closing Costs Verification

Most lenders will want to see about 1.5% of the purchase price available for closing costs. Closing costs are made up primarily of legal fees – budget around $1000 – and Property Transfer Tax. If you are a First Time Home Buyer and the property meets specific criteria this can save you thousands of dollars and the requirement for these funds to be available on closing can be waived. Call us at 250-483-5558 for more details.

Credit Score
Did you know that there are millions of errors on credit reports? And in some cases there is old data that is critically affecting your ability to borrow. We approach your credit report in logical way and do a thorough assessment so you can ensure the accuracy of the data. This is the number one reason we like to see people well in advance of their home purchase. Sometimes it can take months to repair a credit mistake. See us early and let’s make sure your credit is accurate.
And what about the conventional wisdom that says your score goes down every time your credit report is accessed? It is quite possible that repeated credit access by potential creditors can affect your score. Since we only access your credit once and have access to dozens of lenders, we minimize this possibility.
Down Payment Verification
Are you planning to use savings for your down payment? You will need 90 days of account history. Are you planning to use a gifted down payment? You will need the proper gift form. What about using RRSP’s for your down payment? Yes you can do that as well. There are certain rules that allow you to access your RRSP funds without penalty, essentially loaning the money to yourself. The funds have to be paid back on a set schedule and you cannot have owned a home in 4 years. What if your co-applicant or spouse has not owned a home in 4 years, but you have? Well you can still use the $25,000 allowance from your co-applicant or spouse. Call us for details!
Closing Costs Verification
Most lenders will want to see about 1.5% of the purchase price available for closing costs. Closing costs are made up primarily of legal fees – budget around $1000 – and Property Transfer Tax. If you are a First Time Home Buyer and the property meets specific criteria this can save you thousands of dollars and the requirement for these funds to be available on closing can be waived. Click here to download a simple explanation of that BC First Time Home Buyers Property Transfer Tax Exemption.
What are the key components of a Victoria Mortgage Pre-Approval:
Get Us Working For You!

Call Us Today! 250.483.5558

Call Us Today! 250.483.5558