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“Your mortgage approval is not only about income. CPA + Mortgage Broker specializing in complex finances and self-employed borrowers across Ontario.”
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Q: My credit score is low. What are my options to get approved?
First, review your credit with a Mortgage Broker and create a recovery plan. Rebuilding takes time, depending on what caused the damage. The second option, B lenders may offer financing with a down payment of 20%. Private lenders are a last resort, focusing primarily on the property, equity and a realistic exit strategy; income requirements vary. There are mortgage options for many situations. Review the costs and repayment plan before choosing the path that fits your needs.
Answered October 2026
Q: I’m self-employed and write off a lot of expenses. Can I still qualify for a mortgage?
Yes. Special mortgage programs are available for self-employed borrowers who deduct substantial business expenses. A bank’s standard income assessment generally focuses on your net reported income after expenses, which can limit how much you qualify for.
As a CPA + Mortgage Broker, I can identify programs that allow eligible expenses to be added back when calculating qualifying income. The solution depends on your business, documents and the lender’s guidelines. The bottom line-options are available for you.
Answered October 2026
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✓ Answers reviewed by VerifiedAdvisors.ca. General information only, not personal financial advice. Speak with a licensed broker about your situation.
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Elena Bogomaz will make best efforts to respond within 24 hours. If no response is received, we may connect you with other verified brokers in your area.
