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Thursday, July 7th, 2022

Mortgage rules may be tighter for the self-employed, but options remain – Consult with a Vancouver Mortgage Broker

If you are self-employed, live in a rural area or don’t have the best credit, you may find it increasingly difficult to get a mortgage. Yet while tighter lending rules are making it harder for some people get approved by a bank, going to a second or third-tier lender isn’t something everyone is comfortable with. […]

To get a mortgage, you’ll need to have a stellar credit score – Ask a Vancouver Mortgage Broker

The following article is from Canadian Real Estate Wealth Magazine. When you begin shopping around for a mortgage the importance of your credit history and score becomes evident. Your credit score is an important item that will determine what interest your mortgage agent will be able to offer you. It should be a priority because it […]

How to clean up errors on your credit record: Consult with a Vancouver Mortgage Broker

By: Ellen Roseman Personal Finance Columnist, Published on Tue Feb 12 2013 EXPLORE THIS STORY  Scott Smith, 24, is an MBA student. He’s proud of paying his bills on time and having an excellent credit record. So, he was surprised to find his credit score had plunged when he checked in with the two Canadian credit bureaus. There […]

My credit score is 788: What does it mean? – Ask a Vancouver Mortgage Broker

A good credit score is important if you plan to borrow money because it means you’ll qualify for lower interest rates on loans and have access to a variety of credit offers. Your credit score indicates the risk you represent for lenders when compared to other consumers.  Higher scores are viewed more favorably.  The two […]

Fix your poor credit rating- Ask a Vancouver Mortgage Broker

Request a free annual credit report to check for errors, suggests Gail Vaz-Oxlade. Did you ever see the CBC Marketplace episode where they asked 100 Canadians to check their credit reports for errors? Forty of those people found problems. Not exactly confidence-building when it comes to what those reports are saying about you, right? So […]

Closing Costs on your Vancouver Real Estate Financing

Closing Costs on your Vancouver Real Estate Financing Buying a home and setting up the real estate financing is expensive and time consuming. However, many people who are first time home buyers may not be fully aware or properly budgeting for the closing costs which can leave you scrambling if you’re not aware of them. […]

Credit reporting errors costing Canadians – Consult a Vancouver Mortgage Broker

Consumers face higher interest rates, credit card denials after mistakes made Credit rating mistakes are costing unsuspecting consumers thousands of dollars in higher interest rates and preventing some from getting much needed loans, a CBC News investigation has found. In the past few years, more than 500 complaints have been filed with provincial consumer affairs […]

Buying a Home with a Bad Credit Rating – From your Friendly Vancouver Mortgage Broker

Buying a Home with a Bad Credit Rating – From your Friendly Vancouver Mortgage Broker Life happens. Sometimes we mess up or circumstances get beyond our control. Our credit is one of those things. It could be you simply spent way beyond your means, or maybe you got laid off from your job and fell […]

7 Deadly Money Sins That Can Wreck Your Credit

By Gina Roberts-Grey Religion aside, we’ve all heard of the seven deadly sins. Working at a personal finance website as we do, we got to thinking about what the seven deadly money sins would look like: Gluttony: Trying to eat your money. Lust: Sleeping with your neighbor’s bank account. Sloth: Napping all day on your […]

Five steps to scoring a mortgage

A variety of factors can keep you from qualifying for a mortgage. The big ones include a low credit score, insufficient income for the size of the loan you want, insufficient down payment and excessive debt. All of these factors are within your control, however. Let’s take a look at your options for overcoming any […]

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