Self-employed borrowers often have strong finances that do not fit a bank’s rigid income tests. Private lending takes a different approach.
Why banks struggle with self-employment
Banks rely heavily on standard proof of income, which does not always reflect the real financial picture of a business owner or freelancer.
How private lenders look at it
Private lenders focus on the property and your overall situation, which makes it possible to fund deals a bank would decline based on income documentation alone.
What to have ready
Be ready to share details about the property and your plan. As always, seek advice from licensed professionals before deciding.
Ready to talk?
If this fits your situation, start your application or contact us and we will help you understand your options across Ontario.
This article is for general information only and is not financial, legal, or investment advice. Please consult a qualified, licensed professional before making any decision.