In Canada, your credit score plays a paramount role in your financial well being.
It’s an up-to-date rating of your financial health. It shows lenders the level of risk you pose if they decide to lend you money.
Your credit influences everything from your mortgage interest rate when buying a home, to the type of credit card you qualify for.
Unfortunately, the credit bureau DOESN’T help you when it comes to your credit score or getting a mortgage.
The good news is, I will. Go ahead and watch this costly credit mistake below…
Make sure you don’t go over the credit limit on your credit cards. Do your best to keep your balances well below the limit. The higher your balance, the more impact it has on your credit score and your ability to qualify for a mortgage.
You should view your credit information at least once a year, especially if you’re looking to buy a home and will need a mortgage. You can request a free copy by mail or you can view a copy on line for a fee.
Remember, when you apply for a mortgage from a bank or online, you will NOT receive any help with your credit. Here at www.NotaPennyDown.com, we don’t only help you with your mortgage, we know the ins and outs of how to build credit. This can mean the difference between financial woes and financial security. With this valuable knowledge about credit, our clients benefit form the best mortgages in the business.
Call today for a free consultation 604-273-2002
PS – Feel free to forward this to anyone you care about… (everyone needs great advice)
Mark Fidgett is a Vancouver mortgage broker and the driver behind www.NotaPennyDown.com
Your Vancouver Mortgage Broker For Life
P.S. Who’s the next person you know who wants to save thousands off their mortgage? Be sure to give me a call so we can help them! 604-273-2002