Start with ownership
Clarify whether you operate as a sole proprietor, partnership or corporation. Share ownership percentages and how long you have been operating.
Bring consistent records
Tax returns, notices of assessment, financial statements and bank activity should support the same business story. Explain one-time items and large changes.
Understand the options
Traditional income qualification and alternative-documentation programs use different evidence. A lender may accept some business expenses as add-backs, but there is no universal formula.
Compare cost and flexibility
Review fees, rate, term and the possibility of moving to a different lender later. A mortgage plan should support both your home and your business cash flow.
Put the guide to work
Prepare your documentsGeneral educational information. Your lender, legal and tax requirements may differ.