Your income looks “too low.”
Your NOAs don’t match your real earnings.
You write off expenses — because you’re smart.
Your deposits fluctuate.
Your accountant optimized your taxes… but the bank hates it.
Here’s the truth:
Banks don’t understand self-employed income — but Lendworth does.
And the best part?
You can still get approved using your home equity, even if:
your income is irregular
your NOAs show low net income
you’re newly self-employed
you have high write-offs
your credit isn’t perfect
you work contract, gig, or commission
Banks use formulas.
Lendworth uses common sense.
👉 See how much you qualify for in 2 minutes with a free EquityCheck™ report:
https://www.lendworth.ca/equity-check
🔥 Why Self-Employed Homeowners Get Declined by Banks
Banks require:
2+ years of T1 Generals
2+ years of NOAs
2+ years of accountant-verified net income
GDS/TDS ratios that punish low-tax income
stable, predictable monthly deposits
…which almost no real small business owner or contractor can provide.
This is why self-employed homeowners are among the most declined borrowers in Ontario — even if they actually earn more than salaried employees.
But bank rules aren’t the only rules.
⚡ The Self-Employed Advantage Banks Don’t Count: Your Home Equity
Self-employed homeowners often have:
✔ higher home values
✔ more equity
✔ strong long-term financial stability
✔ assets banks ignore
✔ cash-flow that doesn’t appear on tax returns
And equity-based lending unlocks approvals banks can’t offer.
With Lendworth, your home equity matters more than your taxable income.
💡 If your home has equity, you can qualify — even with low declared income.
🏡 How Self-Employed Homeowners Get Approved Through Lendworth
Here’s what we approve based on:
1. Home Value
We determine true market value using EquityCheck™ + real comparables.
2. Equity Position (LTV)
As long as the loan-to-value is reasonable, approval is easy.
3. Your Ability to Make Payments
We evaluate cash flow, invoices, bank statements — not old tax returns.
4. Business Performance (Optional)
We may review contracts, revenue, or upcoming work — much more flexible than banks.
5. Your Goals
Refinance? Debt consolidation? Renovations? Business expansion?
Your purpose matters.
No stress test.
No income formula.
No accountant letters needed.
👉 Start with a quick equity report:
https://www.lendworth.ca/equity-check
🚀 What Self-Employed Borrowers Use Lendworth For
✔ Refinance to lower payments
Even if banks declined you.
✔ Second mortgages to grow your business
Working capital, equipment, payroll, expansion.
✔ Renovations & adding rental suites
Boost your value and cash flow.
✔ Debt consolidation
Turn 19.99% credit cards into one manageable payment.
✔ CRA tax debt solutions
Private lenders don’t blacklist you for owing taxes.
✔ Emergency cash flow
Fast solutions without bank paperwork.
Self-employment should be an advantage — not a penalty.
💬 Why Lendworth Works So Well for Self-Employed Canadians
Because we look at the whole picture:
How long you’ve been in business
Invoices and sales
Bank deposits
Contracts
Property value
Equity position
Real-life cash flow
Banks only look at:
❌ your NOA
❌ your declared net income
❌ strict ratios
That’s why so many self-employed homeowners switch to equity-based lending.
⭐ The First Step: Know Your Equity (It’s Usually More Than You Think)
Before approving you, any lender — even Lendworth — needs to know:
What’s your home worth today?
How much equity do you actually have?
What can you borrow safely?
Most homeowners underestimate their equity by $50K–$120K.
Find out in 2 minutes:
👉 Get Your Free EquityCheck™ Report
https://www.lendworth.ca/equity-check
🎯 Bottom Line: Self-Employed Homeowners Have MORE Borrowing Options — Not Less
Banks follow rigid tax-based income rules.
Lendworth follows real-world logic.
If you own a home in Ontario, you don’t need perfect income documents to get approved.
You just need equity — and most self-employed homeowners have far more of it than they realize.
👉 See exactly what you qualify for now:
https://www.lendworth.ca/equity-check
Lendworth makes financing work for real life — not bank formulas.