Self Employed Mortgages

Self Employed Mortgages made easy.  Approvals based on Equity and not Income.

Self Employed Mortgages in BC are harder to come by. That is until, you call Best Rates Mortgages located in Vancouver, BC

Are you Self Employed in BC ? Do you work hard, make good money, have a good credit history ? If you are having trouble getting a mortgage from the major British Columbia banks and Credit Unions, we can help by getting you approved at todays best rates.

We provide Self Employed mortgages all over BC including Vancouver, North Vancouver, Burnaby, West Vancouver, Richmond, Coquitlam, Surrey, Langley, Abbotsford, Kamloops, Kelowna, Pentiction, Naniamo, Victoria, Vancouver Island and all other parts of BC.

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Over twenty percent of British Colombians are now business for self, self employed or 100% commissioned. Because such a large section of the population working for themselves, you would think the mortgage banks in BC are finally starting to take notice.They have opened up Business for Self Employed mortgage programs with discounted mortgage rates.

Most applicants in BC have a hard time proving their income. The benefits of writing off expenses are why you go in business for yourself, but at the end of the day, we are sometimes only able to show only a nominal amount of net income earned.

The low net income, on line 150 of your tax return, makes it impossible for you to obtain a mortgage you can afford and want. We can now help making your dream a reality.

Getting approved on a Stated Income or Low Documentation is getting easier in today’s increasing property market. We can help you purchase a new property or re-finance your existing mortgage in BC up to 80% of your homes appraised value.

Lenders base their underwriting and approvals on your credit history instead of your income. Business-for-self applicants are required to prove at least two full years of operation of their business.

This can be done by producing one or more of the following: Articles of Incorporation, Business License, GST Return etc. Currently, the minimum requirement for down payment is only 5% for down for purchases, and for refinances, we can use up to 80% of your homes equity.

Best Rates BC has access to Stated Income programs for those finding themselves in this very position. The income stated must be reasonable based on your industry type, length of operation, and type of business.

CALL: 1-888-652-2121

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We also work with a wide variety of bad credit lenders and private lenders that offer different programs that fit almost every situation, even if your self employed!.

When the Bank says "NO", We say "YES".

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Approvals in 24 Hours

Apply Now 604-980-5459