Self-employed mortgages in Alberta
Self-employed mortgage in Alberta
When you’re self-employed, write-offs lower the income on your tax return, and banks often say no. Some lenders look at your bank statements, your business or your home’s equity instead. We know which ones.
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- Approval answers in 12–24 hours
- 50+ lenders compared
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The short answer
Many self-employed Albertans earn more than their tax return shows. Banks mostly go by the return, but alternative and private lenders can look at the bigger picture. If you owe the CRA, that can often be paid off in the same mortgage. The review is free, with no obligation.
- Lenders who understand self-employed income
- Tax owing can often be paid off too
- Every cost in writing before you sign
Is it right for you?
If a bank will approve you, that’s usually the cheapest option, and we check it first.
A good fit if you…
- run a business, contract or work commission in Alberta
- write off expenses, so your tax return shows less than you really earn
- were turned down by your bank for a mortgage, renewal or refinance
- owe the CRA, or are behind on a tax bill
- have equity in your home
Not a good fit if…
- a bank would approve you as-is. Then an alternative or private lender just costs you more.
- your tax filings aren’t up to date. Most lenders want your returns filed. File first.
- the business income is falling with no turnaround. A new loan should fit the income you can count on.
- the payment is a stretch. Your home secures the loan.
- you have no plan to move to a lower-cost lender. Short-term private loans get expensive if renewed for years.
How it works, step by step
1
Free review
Tell us about your home, your mortgage and what you owe. It’s free, with no obligation and no judgment.
2
Quick approval
We compare 50+ banks, credit unions and private lenders. Approval answers typically come back in 12–24 hours, with every cost in writing.
3
Start saving
Your lawyer pays off the CRA and any debts you are combining from the new mortgage. During the term we help you plan the move to a lower-cost lender.
A real example
Tax owing and two cards paid off, with one smaller payment.
Illustrative example
Self-employed homeowner · $55,000 owing
Today: 3 payments
$1,800/mo
CRA balance · 2 credit cards
After: 1 payment
$600/mo
Back in your pocket
$1,200/mo
What changed
- Tax and debts paid off
- $55,000
- Payments each month
- 3 → 1
- Monthly total
- $1,800 → $600
- Saved each month
- $1,200
- Saved each year
- $14,400
Interest-only, short term. The payment covers interest only, so the loan itself is still owed when the 12-month term ends. We agree on the plan for that day before you sign: usually renewing, or moving to a bank mortgage once your credit or income allows.
Example only: a $60,000 private second mortgage at 11.99%, interest-only, for a 12-month term. Lender fee $1,200 and brokerage fee $900 are deducted from the advance; legal and appraisal are extra. Payment $599.50 a month. Total cost of borrowing $9,294, APR 15.80%. The $60,000 is still owed at the end of the term and is usually renewed or refinanced. Subject to lender approval (O.A.C.).
How much could you borrow?
Most lenders lend up to 80% of your home’s value, minus what you already owe on it.
What it costs
Your rate depends on your situation, not a sticker price. You’ll see every cost in writing before you sign anything.
Your review
$0
- Free, with no obligation
- We look at your mortgage, your debts and your home’s value
- Approval answers typically in 12–24 hours
Bank refinance
Lowest rates available
- For steady income and good credit
- Borrow up to 80% of your home’s value, minus what you owe
- Paid off over up to 30 years, with terms up to 5 years
Second or private mortgage
Higher rate, built for flexibility
- For consumer proposals, CRA debt or when the banks say no
- Usually a 12-month, interest-only term, then renewed or refinanced
- Lender and brokerage fees apply. We show you the exact amounts upfront.
What sets your rate: how much equity you have, your credit, your income, and your property. Before you commit, we give you your exact rate, every fee, your monthly payment and your total cost of borrowing in writing. All mortgages are subject to lender approval (O.A.C.). Licensing and disclosures.
Get your real numbers. Free review, answer in 12–24 hours.
Why homeowners choose MortgageSolvers
6,132
Rates lowered
Homeowners whose mortgage rate we have brought down.
50+
Lenders compared
Banks, credit unions and private lenders, so you don’t have to tell your story ten times.
12–24 hrs
Fast answers
Approval answers typically come back in 12–24 hours, with every cost in writing.
$300–$700
Typical monthly savings
What clients typically save each month on a refinance. Your own numbers come in writing first.
Real homeowners. Real monthly relief.
From 180+ Google reviews by Alberta homeowners.
★★★★★
Great service always available to give you updates look for and willing to give you the best rates which saves you thousands Thanks for your hard work I am grateful for The support,help and savings
Branson · Airdrie, ABRead Branson’s review on Google (opens in a new tab)
★★★★★
We were in a very stressful financial situation before working with MortgageSolvers. Our private mortgage rate was high, credit card balances were building up, and the banks were not giving us any real solutions. From the very first call, everything was handled professionally and transparently. They took the time to review our entire situation, explained all fees upfront, and clearly outlined what was possible and what wasn’t.What really stood out was the honesty. There were no hidden charges, no last-minute surprises, and no unrealistic promises. In the end, our monthly payments were reduced significantly and we finally feel back in control of our finances. If you’re feeling stuck, I highly recommend speaking with MortgageSolvers.
Bibek · AlbertaRead Bibek’s review on Google (opens in a new tab)
★★★★★
I was treated with care and dignity. The staff were outstanding! Not only did they get me a lower interest rate, but saw a flaw in my past financial mess and made me aware of a serious issue that was not my fault. The team and my lawyer attacked the situation with pure dedication and got me a pay out that was much more than expected. It seems this company cares and will go to the mat for you. They did for me! Thank you, so, so much!!!
Nicole · Camrose, ABSent to us by Nicole
★★★★★
Smooth steps during process. Communication and professional.
Chad · Grande Prairie, ABRead Chad’s review on Google (opens in a new tab)
★★★★★
Amazing experience! Got a mortgage to payoff my property tax bill in 48 hours!
Ethan · AlbertaRead Ethan’s review on Google (opens in a new tab)
★★★★★
They helped me get the lowest interest rate so quickly
Julian · AlbertaRead Julian’s review on Google (opens in a new tab)
★★★★★
I was overwhelmed with debt and high payments. MortgageSolvers walked me through everything clearly and reduced my monthly payments more than I expected. No hidden fees, no pressure. Just honest advice and real results.
Wanda · AlbertaRead Wanda’s review on Google (opens in a new tab)
★★★★★
Fast, organized, and responsive. MortgageSolvers kept us updated throughout the entire process and closed on time.
Rahul · AlbertaRead Rahul’s review on Google (opens in a new tab)
★★★★★
MortgageSolvers helped me get a mortgage last year and it was the best decision I made 🙏
Craig · AlbertaRead Craig’s review on Google (opens in a new tab)
Questions people ask
Can I get a mortgage if my tax return shows low income?
Often, yes. Some lenders look at your bank statements, your business or your home’s equity rather than only your tax return.
How long do I need to be self-employed?
It depends on the lender. Banks often want a longer track record; some alternative and private lenders are more flexible.
Can I pay off what I owe the CRA at the same time?
Often, yes. Lenders usually pay the CRA directly from the mortgage advance. See paying off CRA debt with your home.
Will it cost more than a regular mortgage?
Alternative and private lenders usually cost more than banks. We check bank options first, and every cost is in writing before you sign.
Can I move to a bank mortgage later?
Many people do, once their filings show more income or their credit improves. We plan for that from the start.
How fast can I get an answer?
Approval answers typically come back in 12–24 hours.
Related options
Find out what you could save.
A free, no-obligation review. We’ll look at your current mortgage and show you exactly how much you could be saving. No pressure. Just numbers.