I have been running a business for the last 7 years. Now, I am planning to grow my business. During the initial stage of my career, I suffered a lot, as I didn't have enough money to even start up a business. Then, I sold my land to secure the money. But, the situation is different now. I can afford the initial costs needed to start the new branch. I have already fixed a building for the official purpose. But, I need more money to buy the building. And I don't want to sacrifice anything for that. So, I am planning to take a mortgage. This is my first mortgage and thus I don't have much knowledge in that area.
I have searched a lot over the internet and came to know about some brokers offering the first mortgage in Toronto. Can you suggest me the mortgage options suitable for self-employed? What do you think of a variable rate mortgage? Is it a better option? And what are the documents necessary to apply for a mortgage? Please help me to know the details as soon as possible. Thank you.