Self-Employed Mortgage

Custom-built to take into consideration your unique circumstances.

  • Recognizes your true earnings
  • Competitive interest rates
  • Flexible mortgage options
  • Guided, easy process with minimal documentation

At BlueShore Financial, we can make your personal mortgage happen even though you may not have the 9-to-5 paycheque. We take into consideration all your sources of income, and understand that what shows on your T4 isn’t necessarily indicative of your true earnings. We offer a mortgage solution that is flexible enough to meet your needs, like pay-down opportunities when business is good, and lowered payments when business is slow.

And as a partner, we will ensure the process is as smooth and painless as possible, with minimal requirements for documentation and seamless processing.

How we help you get your mortgage 

  • We provide up to 80% of the purchase price (95% if insured)
  • We individually evaluate each business owner's income to reflect your true earning power
  • We factor in personal credit history as well that of your business
  • We review a variety of other factors that demonstrate the soundness of your business such as customer base and contracts in place
  • Documentation required is kept to a minimum: typically all you need is a minimum of two years’ financial statements and your personal Notices of Assessment (last two years)
  • Amortization can be up to 25 years and even longer (conditions apply)
  • We provide flexibility in open or closed terms, fixed or variable rates, and a range of payment schedules

Ways we can help you manage your mortgage

  • As your business grows, you can increase your payments once each year
  • If business slows, perhaps due to a downturn, you can decrease your payments back to the original payment
  • Pre-pay up to 15% of your original mortgage on the anniversary date to capitalize on improved profitability or a large commission
  • At the end of the term of your mortgage, we will re-evaluate your profile to ensure you get the best rate for the next term

How to protect your investment

  • Mortgage insurance or life insurance can help your family retain the home if you die before the mortgage is paid off***
  • Disability coverage can ensure your mortgage payment is made if you are unable to work due to illness or injury
  • Critical illness insurance can be used to pay off your mortgage should you be diagnosed with a life-threatening illness or suffer a stroke or heart attack
Financial advisor Nayna Karmali

Nayna Karmali

Financial Advisor

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*** Payment protection coverage is optional and is underwritten and provided by CUMIS Life Insurance Company. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements.