BFS (Business for Self)

Business-for-self is mortgage lender lingo for “self-employed.”

Canadian mortgage default insurers and lenders each have their own specialized BFS programs. These programs often allow self-employed borrowers to qualify for a mortgage without the typical documentation requirements of a salaried individual. This is done to allow flexibility for BFS applicants who may have business deductions or other circumstances that make their income hard to qualify.

 

Source: CanadianMortgageTrends.com