This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies.
More information


Build Your Credit

The first step to getting a mortgage in Canada is to build your credit rating.

A strong credit rating will help you get a better mortgage rate, which could save you thousands of dollars in interest charges over the life of your mortgage.

Here's a list of activities that will help you build your credit:

  • Apply for, use and pay off a credit card each month;
  • Pay for your bills in full and on time, including rent, utilities and telecommunication services;
  • Apply for small loans from your bank and make regular payments;
  • Prove that you have a consistent source of income, by staying with the same employer for an extended period of time.

If you don't have a strong Canadian credit rating, you can also use your rating from a Commonwealth country, such as the United States, the United Kingdom or Australia.

 

 

   

NATASHA McCOLL - Condominium.Ca

Sutton Group Realty Systems Brokerage

Independently owned and operated

2186 Bloor Street West, Toronto ON, M6S 1N3

Direct: 647-222-2222

Office: 416-762-4200

info@condominium.ca

Powered by Lone Wolf Real Estate Technologies (CMS6)