Blog
Thursday
11
APRIL
2013
Credit Guidelines for Purchasing a Home
In order to qualify for mortgage financing you need to have an established credit history and credit score at Equifax or Trans Union credit reporting agencies in Canada. Lenders use this information to determine how likely you are to repay your mortgage loan.
In Canada, if you are putting less than a 20% down payment on a home, you will need a minimum credit score of...