If you’re self-employed and just had a “low year” on paper, you’re probably feeling that little knot in your stomach about renewal time. I get it. I've personally been through this with an old business. When it comes to low income mortgage renewal , the biggest mistake you can make is assuming you’re stuck with whatever your current lender offers. You have options — even if your last tax return doesn’t look amazing. Let’s break it down. What Is a Low Income Mortgage Renewal?

Self-employed and worried about qualifying for a mortgage? From writing off too much income to assuming renewals are automatic, these are the biggest mortgage mistakes self-employed Canadians make—and how to avoid them before they cost you approval, rate, or flexibility.