Your credit score is a number   that illustrates your financial health at a specific point in time. It’s also   an indicator of how consistently you pay off your bills and debts.

Your credit score is one of the factors lenders consider when   qualifying you for a mortgage. A good credit score, for example, can help   improve your chances of being approved.

To find out your credit score, contact Canada’s two   credit-reporting agencies: Equifax Canada and TransUnion Canada.   These agencies can provide you with an online copy of your credit score as   well as a credit report – a detailed summary of your credit history,   employment history and personal financial information.

If you find any errors in your report, notify the   credit-reporting agency and the organization responsible for the inaccuracy   immediately.

Tips for improving your score
  There are several ways to improve your credit score,   including:

  
• Always pay your bills in full and on time

  

• Pay off your debts as quickly as possible

  

• Never go over the limit on your credit cards

  

• Try to reduce the number of credit card or loan        applications you make

Ensuring your credit score is in good shape better enables   negotiations with lenders to obtain the best mortgage possible to meet your   unique needs.

To find out more about credit scores and reports, you can also   visit the Financial Consumer Agency   of Canada website and download or request a free copy of   their guide, Understanding Your Credit   Report and Credit Score.

This guide provides practical,   straightforward information on how to obtain and understand your credit   report and score, as well as how to build and maintain a good credit history.

Using The Angela Calla Mortgage Team protects your credit score as we shop all the suitable lenders with only one application keeping your score maximized & saving your money.

 Contact us today at 604-802-3983 or callateam@dominionelnding.ca