Get a Residential Mortgage Even With Self-Employed Income

You run a successful business and earn good money. But when you apply for a mortgage, banks look at your tax return and see a different story. At Inspired Management Consulting, we specialize in residential mortgages for self-employed Canadians and business owners. We work with lenders who understand that Line 15000 does not reflect your true income. Your tax write-offs should not stop you from owning a home.

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The Tax Return Trap

Your Tax Write-Offs Are Hurting Your Mortgage Application

As a business owner, you write off expenses to reduce your tax bill. Vehicle costs, home office, equipment, meals, and travel all lower your taxable income. This is smart tax planning. But when you apply for a mortgage, banks look at your net income on Line 15000 of your tax return. They see a number that does not match your real earnings. Your application gets rejected before anyone looks at your actual cash flow.

We work with lenders who see beyond the tax return. B lenders and alternative mortgage providers accept stated income applications and review your business bank statements, deposits, and contracts. They assess your real earning power instead of relying on a single line from your Notice of Assessment. At Inspired Management Consulting, we match self-employed Canadians with the right lenders and guide you through the process until you get approved.

Mortgage Solutions

Residential Mortgage Services for Every Situation

A residential mortgage is not just about buying a home. Homeowners refinance to access equity and renew to get better rates. At Inspired Management Consulting, we facilitate all three. We assess your situation and connect you with lenders who fit your income type, credit profile, and financial goals.

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+1(403)975-1705
info@inspiredconsulting.ca

Home Purchase

Buying your first home or next property starts here. We work with lenders who accept self-employed income, stated income applications, and down payments starting at 5 percent.

Refinance

Unlock the equity sitting in your home. Use it to consolidate debt, fund your business, pay off CRA arrears, renovate, or invest. We find lenders offering competitive refinance rates.

Mortgage Renewal

Do not sign the renewal letter your bank sends. They offer their worst rates to loyal customers. We shop your renewal to multiple lenders and negotiate better terms on your behalf.

Why Choose Us

Real Support for Real Business Owners

Most consultants hand you a report and disappear. We work alongside you. From finding the right loan to managing your books, we stay involved until you see real results. Your problems become our problems and we do not walk away until they are solved.

A rejected application is not the end of the road. We review your situation, fix the gaps, and reapply with lenders who are more likely to say yes. We push until you get funded.

No two businesses are the same. We look at your specific numbers, your industry, and your goals before recommending anything. You get a plan built for you, not a recycled template.

Business loans, personal financing, and management support all under one roof. You do not need to juggle multiple advisors. One call to us handles everything.

About Inspired Management Consulting

Licensed Advisors

Our team includes certified professionals who meet industry standards and stay updated on regulations that affect your business.

10+ Years Experience

We have spent a decade helping small business owners across Canada navigate financing and management challenges.

No Hidden Fees

You will know exactly what you are paying for upfront. No surprise charges and no fine print that works against you.

Local Canadian Team

We are based in Canada and understand the local lending landscape, tax rules, and challenges small businesses face here.

Clients we’ve partnered with

  • Brentwood 1
  • Easylink 1
  • Flagship 1
  • SGS consultation
  • RR 1
  • Brentwood
  • Flagship
  • Easylink
  • SGS Constultation
  • RR
Residential Mortgages

Your Mortgage Advisor From Application to Closing

Getting a residential mortgage as a self-employed Canadian requires the right lender and the right approach. At Inspired Management Consulting, we start with a discovery call to review your income, tax returns, credit report, and financial goals. We analyze your debt to income ratio, down payment amount, and documentation to build a clear picture of your borrowing power.

We then match you with the right lender from our network of A lenders, B lenders, credit unions, and private mortgage providers across Ontario and Canada. We prepare your residential mortgage application, gather required documents including T1 Generals, Notice of Assessment, business bank statements, and proof of down payment. Our team handles communication with lenders, mortgage underwriters, and real estate lawyers until your deal closes. You focus on finding your home while we handle the paperwork and approvals.

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FAQ’s

A residential mortgage is a loan secured against a property you live in. You borrow funds to purchase a home and repay the lender over a set term with interest. The property acts as collateral until the mortgage is fully paid.

Yes. Self-employed individuals qualify for mortgages through stated income programs and B lenders who assess business bank statements and deposits rather than relying solely on Line 15000 of your tax return.

A stated income mortgage allows borrowers to declare their income without traditional T4 employment verification. Lenders verify income through business bank statements, contracts, invoices, and accountant letters. This program suits self-employed borrowers and business owners.

Owner-occupied homes require a minimum 5 percent down payment for properties under $500,000. Properties between $500,000 and $1,500,000 require 5 percent on the first $500,000 and 10 percent on the remaining amount. Properties over $1,500,000 require 20 percent down.

Canada Mortgage and Housing Corporation provides mortgage default insurance for buyers with less than 20 percent down payment. The insurance protects lenders against borrower default. The premium is added to your mortgage balance and ranges from 2.8 to 4 percent depending on your down payment.

A lenders are major banks like RBC, TD, Scotiabank, BMO, and CIBC. They offer the lowest rates but have strict approval criteria. B lenders are credit unions and alternative lenders with flexible guidelines for self-employed and bruised credit borrowers. Private lenders fund high-risk applications with higher rates and shorter terms.

A lenders require a minimum credit score of 680 for best rates. B lenders work with scores between 550 and 680. Private lenders approve borrowers with scores below 550 and focus on equity and income instead of credit history.

The Office of the Superintendent of Financial Institutions requires federally regulated lenders to qualify borrowers at the higher of their contract rate plus 2 percent or 5.25 percent. This ensures borrowers can handle rate increases. B lenders and private lenders have different stress test rules.

A Notice of Assessment is a document from Canada Revenue Agency confirming your filed tax return and assessed income. Lenders use this to verify your declared income matches your tax filings.

Yes. Private lenders work with borrowers who have CRA tax arrears. You can refinance your home to pay off the CRA debt, stop interest and penalties, and protect your property from a lien.

Refinancing replaces your existing mortgage with a new one, often at a higher amount. You access the equity in your home as cash. Homeowners refinance to consolidate debt, fund renovations, invest, or inject capital into their business.

Most lenders allow refinancing up to 80 percent of your home value. If your home is worth $800,000 and you owe $400,000, you can access up to $240,000 in equity. Private lenders sometimes offer higher loan to value ratios.

Loan to value ratio compares your mortgage amount to your property value. An $400,000 mortgage on a $500,000 home equals 80 percent LTV. Lower LTV means less risk for lenders and better rates for borrowers.

Amortization is the total length of time to pay off your mortgage in full. Most Canadian mortgages have 25 year amortization. Longer amortization lowers monthly payments but increases total interest paid over the life of the loan.

Title insurance protects you and your lender against issues with property ownership such as fraud, liens, or errors in public records. It is a one time premium paid at closing and is required by most lenders.

Yes. New immigrants with valid work permits and landed immigrant status can qualify for mortgages. Some lenders offer programs with as little as 5 percent down for newcomers with limited Canadian credit history.

No. We are not a lender. We act as your advisor and facilitate the entire mortgage process. We assess your situation, match you with the right lender, prepare your application, and support you until closing.

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