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Credit Rating Details

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POOR CREDIT HISTORY?

Your Bank Won't Give You a Mortgage

There can be several reasons as to why you were not be approved for a mortgage. Were you foolish with your money when you were younger not realizing that credit is very important in every day living? Did you go through a messy divorce? How about a small business failure? Or perhaps lost your job? Bottom line is you have a bad credit history and your bank won't give you a mortgage.

WHAT TO DO?

You Need Our Help!

We can help guide you every step of the way to get your credit back on track so that you can get the approval you need. There are several lenders who specialize in this sort of lending but you won't find them on every street corner. There are private lenders, trust companies and even some banks that will take a good look at your situation and will approve your application if the deal makes sense.

Even if you were just discharged from bankruptcy, there are still options available to you.

WHAT CAN YOU DO TO IMPROVE YOUR CREDIT RATING?

Below 75% of Your Available Credit

You need to pay all your bills on time. That means before the due date. Paying late or running your balances up or over the credit limit has a huge negative impact on your credit score. Keep your balances below 75% of your available credit and ensure you always pay on time.

CHECK YOUR CREDIT REPORT YEARLY

Obtain Credit Report

You can obtain your credit report online from EQUIFAX CANADA, be sure to order the one that offers a FICO SCORE. The cost is $15.50 and will be charged to your credit card. To obtain your credit report with FICO score CLICK HERE.

Bank Prime 2.70
1 yr fixed 2.99
2 yr fixed 2.79
3 yr fixed 3.04
4 yr fixed 3.14
5 yr fixed** 3.04
7yr fixed 3.44
10yr Fixed 3.84
Variable Prime*** Conditions Apply 2.45
**Special - conditions apply
Effective Sept 26th 2017
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