Sometimes when you are looking to get a mortgage the first thing you may ask is, how to get a better credit score or the best way to raise my credit score. You may ask this question because you think your credit score is low. Credit scores range from the low 300’s to the mid 900’s and the lower the score, the less confidence the mortgage lender will have in your ability and wiliness to repay the mortgage. Your Sunlite Mortgage agent has the experience and the knowledge to help improve your credit rating to qualify for a mortgage. For simple issues on the credit bureau – TransUnion or Equifax, it could take as little as a month, and it some cases it could take longer.
When you approach a mortgage lender to get a mortgage for a home purchase or refinance your mortgage, they have two concerns, your ability to repay the mortgage loan, which is dependent on your income, and your willingness to repay your mortgage loan, which is based on your repayment history on the credit bureaus – Transunion or Equifax or sometimes both.
There are at least three categories of mortgage lenders, which we may call an A Lender (typically banks and some credit unions), B Lenders (some credit unions and trust companies) and Private Lenders. You will get a lower interest rate from an A Lender and the highest interest rate from the Private Lender
Depending on your credit score and repayment history, your mortgage broker may suggest one of the three and sometimes our experienced Sunlite Mortgage agent will be able to review your credit bureau and provide advice on how to on how to save thousand of dollars on your mortgage payment by reviewing an industry Equifax credit bureau. We will assist you in the best way to raise your credit score.
Competitive Mortgage Rates. Trusted Mortgage Services. 1 Concorde Gate, Suite 702 Independently Owned and Operated
Brokerage License # 13304
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Hello Easy Mortgages and Lending.
North York, Ontario, M3C 3N6
1 Concorde Gate, Suite 702,
North York, Toronto, M3C 3N6
