mortgage approval – Mortgage In The City

New Credit Score Requirements

Posted on 30 January 2025 by Denise Pisani

Understanding Minimum Credit Scores for Mortgages If you’re looking to buy a home, your credit score is more important than ever. Banks have tightened their lending policies, and the minimum credit score for insured mortgages has increased from 600 to 680. This means buyers need to be financially prepared before starting their home search. Why […]

Acceptable Income When Applying for a Mortgage

Posted on 20 December 2024 (30 January 2025) by Denise Pisani

When you’re preparing to apply for a mortgage, it’s essential to understand what types of income lenders will consider. Many clients are surprised to learn just how varied and complex these sources can be. While traditional employment is the most common income type, there are other streams that may be eligible, though they aren’t all […]