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Q: My credit score is low. What are my options to get approved?
We work with alternative (B) lenders who may be more flexible with lower credit scores. However, approval depends on your ability to afford the mortgage, your existing debt obligations, and the reasons behind your credit challenges.
Alternative lending can provide a short-term solution, typically for 1 to 3 years, allowing you time to rebuild your credit and improve your financial position, with the goal of transitioning to a prime (A) lender offering better rates and terms in the future.
Answered October 2026
Q: I’m self-employed and write off a lot of expenses. Can I still qualify for a mortgage?
Yes, self-employed individuals may qualify through alternative lenders offering bank statement programs. These programs typically review 12 months of business revenue and deduct reasonable operating expenses rather than relying solely on tax returns.
However, our first goal is to qualify you with a prime (A) lender offering better rates and terms. Depending on lender guidelines, we may be able to gross up your reported income and add back eligible business expenses to improve your qualifying income.
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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Patrick Soy 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.
