Tag: credit score
While rising home prices are good news for sellers and buyers seeking a sound investment, they can also make it that much harder for some Canadians to enter into homeownership.
According to Fitch Ratings’ Canadian Residential Mortgage Loan Loss Model, there are six primary factors that influence mortgage defaults.
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.
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.
Credit score is one of the major players in determining the amount of financing and interest rate you are eligible to receive. Credit history proves to lenders how reliable you are when granted funds. Leading up to your mortgage application, there are six, quite simple steps you can take to help improve your credit rating. …