Self-Employed Mortgages
in Richmond Hill.

A typical Richmond Hill application involves a business the family has run for years — real revenue, real staff, real equity — and personal NOAs kept modest by design: salaries balanced across family members, retained earnings, legitimate expense management. Prime underwriting averages those modest personal numbers and returns an approval that wouldn’t buy half the street.

At a local average around $1,150,000, that mismatch is decisive. The fix isn’t inflating anyone’s income — it’s choosing lenders who measure the business instead of the T1: 6 to 12 months of corporate and personal statements, revenue consistency, expense ratios true to the industry, retained earnings read as the resource they are.

The alternative-route premium of roughly 0.5% to 1% over prime deserves the same scrutiny here as the purchase itself. Our standing comparison: the premium is temporary (one- to three-year terms with a refinance plan), while the tax efficiency of the corporate structure recurs every year. In most owner files the structure wins — and when it doesn’t, we’ll tell you to pay yourselves more for two years and go prime.

Corporate and personal statements (6-12 months), corporate financials or a clean revenue summary, articles of incorporation, two years of family T1s and NOAs with no balances owing, and HST returns. Where several family members co-own or co-borrow, a simple one-page map of who owns and earns what turns a confusing file into a fast one.

Since 1988, owner-operated households have been our core clientele across York Region. Forty-plus lenders give us the full ladder — prime, insured business-for-self from about 10% down where tenure and credit allow, statement-based B lending, and private strictly as a bridge — and we place your file on the lowest rung it genuinely supports. Free consultation, family structures welcome.