Self-Employed and Struggling to Get a Mortgage? Lotus Loans & Mortgages Corp Can Help
In recent years, more Canadians than ever are embracing self-employment — whether it’s running a small business, freelancing, or contracting. While working for yourself has its perks, it also comes with a unique challenge: qualifying for a mortgage.
At Lotus Loans & Mortgages Corp, we regularly speak with successful entrepreneurs who are shocked to discover that their income “on paper” doesn’t meet the criteria set by traditional lenders. Why? Because most self-employed Canadians strategically reduce their taxable income to minimize taxes — a smart move with your accountant, but a stumbling block with the banks.
Traditional lenders rely heavily on your net income as reported on your personal tax documents (T1 Generals and Notice of Assessment). Unfortunately, when that number is too low, it doesn’t reflect your actual financial situation — and that’s where Lotus Loans & Mortgages Corp steps in.
We specialize in mortgage solutions for self-employed individuals. At Lotus Loans & Mortgages Corp, we look beyond just your tax return. Our team works with alternative documentation such as business bank statements, financials, invoices, and contracts to paint a fuller picture of your earning power. With access to flexible lending options and a strong network of alternative lenders, we can help you qualify based on your real income — not just what’s declared to the CRA.
If you or someone you know is self-employed and frustrated by the traditional mortgage process, Lotus Loans & Mortgages Corp is here to help. Don’t let your tax strategy hold you back from homeownership or refinancing. Let us show you how your success can still open the doors to a mortgage that fits your life.
Lotus Loans & Mortgages Corp — real solutions for real people.
