Self Employed Solutions
Why Traditional Banks Say "No" and Why We Say "Yes". Most institutional lenders in Toronto look at your "Line 150" on your tax returns. As a business owner, you likely have legitimate write-offs that lower that number, which unfortunately lowers your borrowing power at a big bank. At Mihir Patel Mortgages, we use Business-for-Self (BFS) Programs that look at the true health of your business, not just your tax return.
We categorize our 230+ lenders into three tiers to ensure we find the right fit for your specific business structure:
Toronto Solutions for Business Owners & Self-Employed Professionals
1
Stated Income Programs
For established business owners who have a strong credit history but utilize significant tax deductions. We use "reasonable" industry income estimates rather than just your NOAs.
2
Bank Statement Programs
Perfect for contractors and incorporated professionals. We verify your ability to pay based on 6–12 months of actual cash flow through your business bank accounts.
2
Low-Doc Equity Solutions
When speed is a priority or tax filings are behind. These programs focus on the equity in your Toronto property, providing a bridge until we can transition you back to traditional rates.