For a Self Employed Mortgage in Alberta, self-employed individuals include freelancers, contractors, and business owners who do not receive regular paychecks from an employer.

Typically, lenders will look at tax returns, bank statements, and financial statements of your business to assess income.

Maintaining clear, comprehensive financial records and possibly consulting with a financial advisor can strengthen your application.

Interest rates vary by lender but being self-employed doesn’t automatically mean higher rates with the right financial documentation and a strong application.