The alternative loan
You are self-employed, you have an excellent credit record, but your reported income is less than that required by your bank, so you are not able to get a refinance loan to invest in your business?
Your credit report is tainted by delays caused by temporary situations, such as illness or loss of employment; is your project to buy a property questioned? In both cases, consult a mortgage broker. He will be able to refer you to an alternative lender to allow you to realize your projects.
What is an alternative mortgage?
This is a mortgage loan with an interest rate that is somewhat higher depending on the risk. For a person whose credit has been slightly impaired, it will probably be a temporary solution, with a one or two year term, a time frame that will allow for the re-establishment of the credit rating. The file can then be submitted to a mortgage lender offering more competitive rates. For a self-employed worker, it may be more advantageous to keep such a loan for the long term because the annual interest cost may be much lower than the tax cost of increasing reported income.
In all cases, consult a mortgage broker. He will be able to refer you to an alternative lender to allow you to realize your projects.