Self-Employed Mortgages
in Ajax.

Traditional underwriting wants two years of self-employed tax history. But the Ajax pattern — leaving a T4 role to do the same work independently — often shows eighteen months, or one filed year plus momentum. A prime lender sees insufficient history; a thoughtful lender sees continuity: same skills, same industry, often the same clients, now billed directly.

Several of our lenders formally recognize that continuity, accepting shorter self-employed tenure when the field didn’t change. Pair that with 6 to 12 months of healthy deposits and the “too new” file becomes an approvable one.

For Ajax’s established owners — contractors, tradespeople, home-based professionals, commission earners — the issue is the classic one: write-offs shrink line 15000, and the prime approval shrinks with it. The statement route restores the real number: deposits over 6 to 12 months, netted against expenses appropriate to your work, clean account conduct converting cash flow into recognized income.

Under the $1 million insurability line — which covers most of the Ajax market at a $901,000 average — the insured business-for-self programs also stay available: about 10% down, two years’ tenure, strong credit, near-prime pricing. We test that lane before pricing anyone into the B premium.

A typical Ajax purchase near the average needs roughly $90,000 down at 10% (insured route, where eligible) or about $180,000 at 20% (statement route), financing in the low-$700,000s to low-$800,000s. On the B side budget the standard premium — roughly half a point to a point above the best prime rates — with our standard structure: a one-to-three-year term and a documented refinance path toward prime as your filing history matures.

For transition cases especially, that structure fits the life stage: the B term carries you while the business puts its second and third tax years on paper, then the refinance captures your improved documentation.

Everyone brings 6-12 months of statements and whatever T1s/NOAs exist (with no balance owing). Transition files should add the story documents: prior T4s or employment letters showing the same field, current client contracts or invoices, business registration. Established owners add HST returns and incorporation papers. The theme is continuity — make the income’s history legible and lenders will price it fairly.

From 40+ lenders we know exactly which ones accept short-tenure transitions, which insured programs suit which trades, and which B desks price Durham property best. Since 1988 the promise has been the same: the cheapest route your documentation truly supports, and a straight answer when waiting six months would get you a better one.