Self-employed and tired of hearing no

Business-for-self files are the ones I like most. There are lenders built for exactly this, and I know which.

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The harder the file, the more interested I get. Business owners and self-employed borrowers are some of my favourite people to help.

Why the bank makes it hard

Banks like a simple, salaried pay stub. When your income comes from a business, it can look complicated to them, even when you earn plenty. Write-offs that are smart for your taxes can make your income look smaller than it really is on paper. So good, capable business owners get turned away by a system that was not built for them.

How I approach it

I look at the whole picture, not just one line on a tax return. There are lenders and programs designed for self-employed borrowers, and knowing which one fits your situation is most of the battle. I have helped plenty of people who were told no somewhere else. Two other people had said no to a family before they found me, and we found a yes.

What helps

If you are self-employed and thinking about a mortgage, refinance, or using your home equity, a little preparation goes a long way. We gather the right documents, tell your income story properly, and match you to a lender who understands business owners. I will walk you through exactly what is needed, and yes, I will apologize for the paperwork.

The honest part

Not every file works, and I will always be straight with you about what is realistic. But I do not give up easily, and difficult files are where I do my best work. Bring me the one another broker walked away from.

Self-employed and wondering what is possible?

Let’s talk it through, no pressure.

General education, not financial advice. Any figures are illustrative only and subject to lender approval (O.A.C.). Lora Fenn, Mortgage Agent Level 1, Lic. #M25003153, Dominion Lending Centres YBM Group (FSRA #11129). 705-881-2780 · lfenn@dominionlending.ca · lorafenn.ca