Man and woman sitting in cafeteria discussing finance for the month. Stressed couple looking at bills sitting in restaurant wearing uniform apron. Café staff sitting together looking at expenses and bills.

Overcoming the Obstacles of Self-Employed Mortgages

We applaud all entrepreneurs but recognize that there are some unique challenges that come with the territory. One such obstacle is applying for a mortgage. When you’re a self-employed business owner, it can be difficult to apply and receive approval for a substantial loan like a mortgage. Whether for your home or business, here’s how to streamline the process of securing a mortgage when you’re self-employed.

Keep a Financial History

Much of your eligibility for a mortgage application relied on you, as a business owner, being proactive. In order to avoid unnecessary difficulties, it’s essential to keep up-to-date with all of your financial records. A mortgage lender will likely want to see at least your past two years of tax returns. Keep in mind that banks place greater stipulations on self-employed business owners than alternative mortgage lenders.

Pay Your Taxes

If you’re self-employed, it’s probably a good idea to hire an accountant to help you keep up to date and on top of your tax returns. Be sure to file your taxes before the deadline in case you owe any additional taxes. Falling behind may affect your ability to qualify, but an alternative mortgage lender may be able to approve your application regardless.

Incorporate Your Business

If your business is a sole-proprietorship or an unincorporated business, incorporating may help your cause. By becoming an employee of your company with a steady salary, mortgage investment corporations may be more confident supplying you with a loan.

Rely on an Alternative Mortgage Lender

Alternative mortgage lenders and mortgage investment corporations specialize in securing loans for individuals that don’t qualify through the banks. If your business is in the beginning stages, or you need to relocate so that your company can really take off, mortgaging a house or a business property may be an essential part of your business growth and development. An alternative mortgage lender will take the time to understand your unique needs and challenges and provide you with a product that fits within your budget and satisfies your requirements. When it comes to mortgages for self-employed business owners, families that are new to Canada, or first-time home buyers, an alternative mortgage lender is the best choice.

Whether you’re looking to borrow or invest, Alta West Capital can help. We offer several lending solutions for first time buyers, individuals and families that are new to Canada, self-employed business owners, real estate investors and more. Alta West loans are fast and flexible to fit your needs. Visit our website to apply online or contact us directly — call (403) 254-9075 or email

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George Botros
Chief Executive Officer

George Botros was appointed as CEO of Alta West Capital in April 2021. Prior to his role as CEO, George served as Alta West Capital’s CFO and CCO from 2014 to 2021. He has over 20 years in the lending business, participating in residential, commercial, mezzanine, and interim financing related activities.


George is also a Director of the funds Alta West administers. Prior to joining Alta West Capital, he managed Toro Financial Corporation which amalgamated with AWM Diversified MIC, an entity managed by AWC, in 2014. George was also a University Professor teaching Finance and Economics for University of Lethbridge.


George holds a Bachelor of Economics and an MBA.