For business owners and the self employed in Ontario

Write offs save you tax.They can cost you the house.

Business income has three mortgage routes. In one free 15 minute review, we show you which one fits yours, then send one application to 30+ lenders with one credit check.

Book your free review Free, no obligation. Evenings and weekends available.

5.0 on Google, 82 reviews Licensed Ontario brokerage 30+ lenders 50+ years of combined management experience

The 3 routes for business income

Reads your tax return

Try first

Door 1

Bank

Lowest rates

Reads your bank deposits

Door 2

Alternative

Many write offs

Reads your property and exit plan

Door 3

Private

Fast, short term

Free with every booking: our business owner mortgage guide.

Why the bank's number is small

Banks lend on your tax return, not on your business

Your accountant keeps your taxable income low. That saves you tax. Then the bank lends on that same low number.

Rule 1

The line after write offs

Banks read Line 15000 of your Notice of Assessment. That's what is left after write offs.

Rule 2

Usually two full years

Most banks want two years of self employed history before they count the income.

Rule 3

A stress test on top

You must qualify at your rate plus 2%, or 5.25%, whichever is higher.

What the business earns, and what the bank reads.Going bank by bank rarely closes that gap. Most read the same line, and each one pulls your credit again.

The 3 routes

Every lender reads business income differently

The trick is knowing which door fits before you apply. That's what the review is for.

Door 1

Bank

Best when: Your tax return shows enough income
History: Usually 2+ years
Down payment: From 5% with mortgage insurance
Cost: Lowest rates, no lender fee

Door 2

Alternative

Best when: You write off a lot
Income proof: 6 to 12 months of business bank deposits, plus invoices
History and down payment: From 6 months, 20% down
Cost: Usually 1% to 1.5% above bank rates, plus a 1% fee

Door 3

Private

Best when: You need speed, for a short time
Funding: In as little as 48 hours
Cost: 1% to 3% fee; at least 2% to 3% above prime
Must have: A clear plan to pay it out

Lender terms vary and change. HT Capital, a private lender, is a related company of NXT Financial. We always tell you before suggesting it.

A real client

Her bank said come back in two years. The same bank said yes.

A growing restaurant since 2019

No business background. Strong profit, mostly left in the corporation to reinvest.

Her own bank looked at one number

$50,000 on her personal tax return. Their answer: show more income for a couple of years, then try again.

Her realtor introduced NXT

We gathered her documents, asked about the business and checked programs across our lenders.

Approved by the same bank

A stated income program read her current bank statements to see her real monthly profit.

The result

$700,000purchase

10%down payment

$50,000declared income, unchanged

The bank's first answer was one program's answer. There were others.

Details shared with the client's permission. Results depend on each file, and lender programs have their own rules.

Reviews

What clients say after the keys are in hand

5.0

82 Google reviews

Excerpts from public Google reviews of NXT Financial Inc., in the reviewers' own words.

Read all reviews on Google

Your free review

One call instead of weeks going bank to bank

Your route, in one call

We match your income to the right door before any lender sees your file.

One credit check, 30+ lenders

Not a new credit check at every bank you visit.

The full cost, before you choose

Rate, fees, penalty and total interest. A low rate isn't always the low cost.

A plan before you file

Not buying yet? What you change before your next tax return can help a bank say yes.

Free with every booking: the business owner mortgage guide

The three routes, a document checklist for your business setup, and the way back to a bank rate at renewal.

How it works

Three steps, about 15 minutes of your time

Pick a time

Phone, video or at our Markham office. Evenings and weekends work too.

Talk it through

How the business is set up, how long it has run, and what you want to buy. Your accountant is welcome to join.

Apply once

If you go ahead, we collect your documents once and send your file to the lender that fits.

Book your free review

Write offs save you tax.They can cost you the house.

Banks lend on your tax return, not on your business

The line after write offs

Usually two full years

A stress test on top

Every lender reads business income differently

Bank

Alternative

Private

Her bank said come back in two years. The same bank said yes.

A growing restaurant since 2019

Her own bank looked at one number

Her realtor introduced NXT

Approved by the same bank

What clients say after the keys are in hand

One call instead of weeks going bank to bank

Your route, in one call

One credit check, 30+ lenders

The full cost, before you choose

A plan before you file

Free with every booking: the business owner mortgage guide

Three steps, about 15 minutes of your time

Pick a time

Talk it through

Apply once

Start with the free guide

NXT Financial: one team, every door

Before you book

Write offs save you tax. Let's make sure they don't cost you the house.