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I'm self-employed, can I get a mortgage? |
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Generally, if you don’t have a pay stub and job letter, you can’t qualify for a mortgage. There are exceptions, such as if you are self-employed or on commission and have been for two or more years. In that case, you would have to be able to prove you’ve been self-employed for at least two years with articles of incorporation, T1 Generals with statements of business activities, a business license, or some other documentation, depending on the structure of your business. You would also need to provide the most recent two years’ Notices of Assessment from Revenue Canada. If you have a big enough down payment you can also qualify on equity alone, as long as your credit is in good shape.
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