Primary Mortgages
Equity Products
Not sure which option is right for you?
Get Free AdviceProfessionals who work for themselves encounter many obstacles when attempting to secure conventional mortgage financing. To make the mortgage process easier for our clients, EquityRich concentrates on home equity. Our equity-based mortgage solutions offer quick and easy, flexible home financing options to business owners, including independent contractors and small business owners.
Self-employed mortgages in Canada provide financing solutions to business owners who need to access funds, while banks ask for extensive income documentation that self-employed individuals often can’t provide. At EquityRich, we provide self-employed mortgages through property equity instead of income or credit checks.
Your ability to qualify for a self-employed mortgage with us depends on the equity in your home, not your tax returns or business financials. This makes our solution ideal for independent contractors, freelancers, small business owners, and anyone with non-traditional income sources.
Any self-employed homeowner in Ontario with sufficient equity in their property. Whether you’re a sole proprietor, independent contractor, or small business owner, our equity-based approach means your business structure or income variability won’t prevent you from accessing the financing you need.
The initial step involves determining the loan amount needed and the intended use of the funds, which can be home purchase, refinancing, business, or personal equity access.
Self-employed applicants need to present financial documents to lenders for assessment. The documentation requirements for self-employed applicants differ between lenders but typically include tax returns, bank statements, proof of business ownership, and additional financial records.
The lender needs a professional appraisal to establish the current market value of the property. The appraisal process determines property value, which helps calculate available equity and establishes the loan-to-value ratio.
The lender examines the application documents and property appraisal to create mortgage terms for the applicant. The proposed mortgage terms include the loan amount and interest rate, together with repayment terms and all applicable fees.
The preparation of legal documents follows the terms agreement before they undergo review. The mortgage becomes final after all legal requirements are satisfied and the funds become available for disbursement.
Our company provides services that move beyond what conventional lenders offer. Our equity-based lending model serves as a dependable financing solution for self-employed and mortgage applicants throughout the GTA. Our private mortgage lending service stands out from others because we verify no income and have no minimum age requirement, as well as we offer flexible 75% LTV lending that focuses on your property instead of paperwork.
We provide self-employed mortgage solutions that address the needs of business owners and independent workers while bypassing traditional bank delays and complications. EquityRich serves as your trusted mortgage provider for all your needs, including reverse mortgages and private loans and second mortgages throughout Canada.
No credit check. No income verification. Funds in as little as 48 hours.
Get Free Assessment +1-647-667-9957No credit check. No income verification. Our team is ready to help you unlock the value of your home.