Posts tagged ‘Applying for a mortgage’
Pre-approvals: Why They Aren’t Worth the Paper They’re Written On and Why You Should Still Get One
Last Updated on March 27th, 2020
Pre-approvals are the most misunderstood part of the mortgage process. Today’s post gives you a candid assessment of what to expect when you apply for one.
The Income Tests
Last Updated on August 22nd, 2019
If you need a mortgage, your household income will be the single most important part of your application. Today’s post outlines how lenders conduct income tests and explains the standards that are used. It also examines special cases where confirming income is more difficult, and provides some tips to help you put your best foot forward.
