Tag: credit report
While it’s easier than ever for Canadian homebuyers to lock in low mortgage rates, it’s important for individuals to understand how their credit will influence the process.
For those checking with mortgage brokers in preparation for buying a home, having a good credit score can be important. The Canada Mortgage and Housing Corporations says there are a number of legitimate ways to improve a score.
Regina Leader Post contributor Barbara Hitchens says those potential buyers may want to fill out a Canadian mortgage application for a preapproval before they start attending open houses.
People’s credit scores could keep many from getting the best interest rates.
Your credit score is one of the weightier elements used by lenders to determine your eligibility to receive financing and to decide the rate they will charge for your mortgage.