You may not realize it, but large mortgage corporations and smaller private lenders in Ontario place significant weight on prospective borrowers’ credit score when reviewing mortgage applications. It’s true, that your credit score might not reflect your entire financial profile. But in Canada the best mortgage rates are often dependent upon good credit scores.
What to do right NOW?
In order to make sure that you prepare to get the best mortgage rate in Canada, you need to do three things right NOW:
The key to repairing bad or poor credit score is to start early and build a history of good credit management practices. And if you need help doing that, you should seek professional help.
Letting the pros help
As a premier Toronto mortgage broker, Mortgage Genie has been offering personalized mortgage advice to its clients for many rears. When you reach out to them, one of their analysts will review your needs in detail, before recommending the idea mortgage in Toronto that fits your needs. While you should compare mortgage rates across Canada before speaking with an adviser, it doesn’t hurt to connect with a mortgage professional before making your final decision about your mortgage.