Credit

/Credit

Why do I need a down payment?

By | 2018-02-17T09:06:38+00:00 February 17th, 2018|Credit, Mortgage Types|

Can't I get a mortgage that will cover 100% of the cost? Sigh! I cannot tell you how often I hear these questions when I speak to a prospective client. The short answer is YES. You do need a down payment. Recently, the Office of the Superintendent of Financial Institutions changed the mortgage rules for both conventional and nonconventional mortgage borrowers; now, borrowers have to qualify using a minimum rate. A nonconventional mortgage is a mortgage in which your down payment is less than 20%, and a conventional mortgage entails paying 20% or more. You [...]

7 Ways to Improve Your Credit Score

By | 2018-02-09T13:11:05+00:00 January 21st, 2018|Credit, Mortgage Agent|

Having a low credit score may make you feel hopeless about your financial future, but don't give up now. There are ways you can start to improve your credit score now. While it may seem challenging to raise your score to the standards that lenders of mortgages and auto loans will require, it is definitely possible and simpler than you think. Here are  the seven ways you can improve your credit score and achieve your dreams of financial freedom. Pay attention to credit card balances Schedule a morning, afternoon or time on the weekend to [...]

CALL TODAY!

 

289-337-8492

Burlington Office

 

519-967-1422

Windsor Office