Have you recently been declined for a mortgage because you have credit challenges, carrying some debt or dont have the required down payment? Homeownership could still be a reality with some creative planning and resourcefulness Understanding the qualification process is the key to finding a way to make it work. The mortgage amount a buyer [...]
You are likely similar to most people out there who want to improve their credit score but are not really sure how to go about it. In many cases, you CAN do it yourself - just expect that it will take time. Here are some tips to help you boost your score which is needed [...]
How the minimum down payment works No matter if you are a first-time homebuyer, or are upgrading your home, the minimum down payment in Ontario and across Canada is 5% of the first $500,000 of home purchase price. In other words, the down payment on a $500,000 home would be $25,000. However, on any purchase [...]
Do you know what information is included in your credit report? Let me walk you through the information that you can expect to find in your credit report - please note that it usually takes anywhere between 30-90 days for the information to be updated if you make a payment, move etc. Personal information in [...]
I have had many people tell me that their credit issues were not their fault. They fell behind because of something someone else did or that they didn't get the bills when they were sent. It doesn't matter the reason, the bottom line is you have total control of your own credit score despite what [...]
