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Before
approving you for a mortgage, lenders will want to see your credit
worthiness. To do that, they will simply get a copy of your
credit report from a credit bureau. Credit report includes
information about your ability to handle your debt obligations and your
current outstanding obligations.
If you have no credit history, it is important to start
building one. Contact John for more info on how to start building one.
If you have bad credit, lenders might not want to give
you a mortgage until you can re-establish a good credit history. Most
unfavourable credit information, including bankruptcy, is droped from
your credit file after seven years. Despite your poor credit history,
you might still be able to get a mortgage if you have somebody (usually
family member) willing to be guarantor or co-signer on your loan.
Contact John for more info about that.
Frequently Asked Questions:
 What
Information Is Required To Be Preapproved For A Mortgage?
How Does
My Amortization Affect The Amount Of Interest I Pay?
How
Does The Home Buyers' Plan Work?
Other Helpful Info:
Budgeting
For A Home
Understanding
Your Credit
Saving
For A Down Payment
Take
Control Of Your Debt
Homebuyer's
Checklist
Guarding
Against Identity Theft
Is Your
Financial House In Order?
Polish Language Info:
Przyjazd
Do Kanady
Pierwsze
Kroki: Jak Stac Sie Wlascicielem Domu
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