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What Makes A Good Credit Score And How Important Is It In Getting A Mortgage

What Makes A Good Credit Score And How Important Is It In Getting A Mortgage


A recent article featured in the Globe and Mail discussed the importance of having a “stellar” credit rating when wanting approval for mortgage financing. Well your credit history is very important in the approval process it’s not everything and there are definitely lenders with specific mortgage programs to help people who might not have “stellar” credit ratings.

 

Here’s the link to the article below which details, among other things, the breakdown of the importance of such things as making payments on time and balances owing on existing credit.

 

http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/home-buying/to-get-a-mortgage-youll-need-to-have-a-stellar-credit-score/article10947039/

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