Self Employed Mortgage in Ontario

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Do you need a self employed mortgage in Ontario?

Standard mortgages might pose an issue for someone who is self-employed while purchasing a home. When you apply for a typical mortgage, the lender will check your most recent tax return to see how much money you made.

Due to tax deductions and reported expenditures, this sum might be substantially smaller for self-employed people. A self-employed mortgage accounts for these variances and gives you reasonable options when it comes to reporting your income.

With a self employed mortgage in Ontario borrowers can:

If you can relate to these scenarios, you've come to the right place! With Freedom Capital, our borrowers receive custom-tailored commercial financing solutions and quick approvals.

Isabella Flores
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Freedom Capital Team is one of the most amazing mortgage brokers that I have work with, the level of service they provide is outstanding. The team is very professional and were able to answer all of my client questions. Very responsive and acted fast on a mortgage that need it to get approved fast. Highly recommend working with Freedom Capital. Thanks Pip, Sylvia and Kathy
RSB Developments Ltd
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Positive: Professionalism, Quality, Responsiveness, Value Pip and his dedicated team at Freedom Capital went above and beyond for us. We gave them a challenge of getting approval for us within 24 hrs and they were able to do it! I am so appreciative of Pip and his team for taking the time to not only help us understand the process but get it done Quickly! It was easy to see that Pip really values his clients and their best interests. We would work with Pip and his team in the future!
Kim Vo
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I am very happy to have worked with Pip, Sylvia, Rosy, Kathy on my recent mortgage fund. Especially Kathy and Rosy with constant follow-ups and conversations with me all along the application until funding date. Rosy has guided me through the process which I needed. I understand it must be a whole team effort, a lot of work must have occurred behind the phone line in which me the client might not be able to see after I hang up conversing over the phone. They have worked diligently to bring satisfaction serving their clients. I truly appreciate and grateful to deal with Freedom Capital!
John Vranic
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I have worked with many private lenders in the past and I must say that Rosy Ram was the one of the best people to deal with. To top it off my situation was extremely difficult and had many layers to it. After submitting documents that Rosy required she was able to get me a deal quite quickly. I was pleasantly surprised how professional and efficiently she worked. Many other lenders will promise you deals, string you along only to fall short in the end. All the terms, conditions and rates were very reasonable in light of my situation as well. Looking forward to doing more business with Freedom Capital!
AMIR Rahimtula
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Pip Dhaliwal and The Freedom Capital Team are top producers in the mortgage game. Time after time they come forward effectively, efficiently with experience that counts and competitive results! As commercial developer we trust Pip and his team when they say they will get it done! They think outside the box and deal size never matters with Freedom Capital, they have knowledge and relationships with credible financiers to make our 106 unit condo project a reality and help Transnat Properties provide affordable homes to the public.
Gregory Hilman
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We had another broker working on our deal for over three months, and the service was very disappointing... Then we called Pip for a competitive assessment, he made the deal in less than 2 weeks, and it was 3 x what the other lenders were offering. We even got open terms and better interest rate than we expected. Fantastic service and A very reputable lender… We would never go to another broker again!! 5 STARS!!

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Get your custom self employed mortgage in Ontario with Freedom Capital

When it comes to self employed mortgages, borrowers have limited options. This makes it hard to find a mortgage solution that fits your criteria. Tired of insufficient approvals and declined applications? Freedom Capital can help!


Freedom Capital provides every client with the custom-tailored solutions and easy-to-meet mortgages they need.


A self-employed person is someone who works for oneself rather than for a third-party employer and does not get a set salary. This includes owners of independent proprietors, partnerships, and companies.

When it comes to incorporated self-employed people, they are deemed self-employed if they make money from a business they own. Shareholders who do not work for the company but get a dividend are not considered self-employed.

You will have to offer income verification one way or another, regardless of the mortgage you apply for. There are three forms of income verification that are commonly used for mortgages:

  1. Traditional income verification: Your net worth and income are verified with credit reports, tax returns and other income-based legal documentation. 
  2. Nontraditional income verification: Your business’s bank statements and financial documentation are used to verify your income. 
  3. Stated income: A unique mortgage option where borrowers do not have to verify their income. However, lenders may sometimes ask you to provide personal bank statements or similar documentation.

Yes, depending on the lender you approach it is possible to qualify for a self employed mortgage in Ontario with income verification documents of only one year.

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