Tag: credit rating
Being your own boss can be a rewarding experience, but it can also pose certain challenges when it comes to taking out a mortgage. Lenders are wary of financial risk when providing home loans, making it more important for self-employed individuals to show that they are a stable investment. Income While most borrowers can show …
Whether housing trouble or spotty credit histories are the result of tough economic times, poor financial decisions don’t automatically relegate the delinquent borrower to a lifetime of rentals and apartments.
Regardless of whether people know anything about their credit scores – or the complicated math formulas that go into determining them – the three-digit numbers a part of life, just like death and taxes.
After making the responsible decision that it’s time to buy a place of your own and taking the mortgage application plunge, a loan denial can feel like a kick in the gut. Ouch.
As the debate continues over whether to slow the Canadian housing market, one mortgage consultant argues potential homeowners would be better served by fewer restrictions on lending practices, not more.