In order to qualify for mortgage financing you need to have an established credit history and credit score at Equifax or Trans Union credit reporting agencies in Canada. Lenders use this information to determine how likely you are to repay your mortgage loan.
In Canada, if you are putting less than a 20% down payment on a home, you will need a minimum credit score of...
Your credit score is a three-digit number ranging from 300-900 that tells future lenders how risky it is to lend you money based on your history of making debt payments.
There are many misconceptions about what it takes to keep your score high. Henrietta Ross, the CEO of the Canadian Association of Credit (CACCS) helps us sort fact from fiction...
Yes – your mortgage expert is there to help you, but how can you help your mortgage expert? Here are 3 tips to help your AMP get your deal packaged and submitted to a lender more quickly...