Many people are hearing about the surrender flags that are being waved throughout the US from lenders who backed the wrong people. Canada is not quite in the same spot because our credit rules were never as lax as our southern neighbour. That being said, it seems that lenders in Canada are becoming a little cautious about making sure they don’t become home owners, only money lenders.
Here are 5 steps, you can take that will have banks climbing over themselves to loan you money for your next home purchase:
It is a good idea to check your credit score before you call the bank about a mortgage. Credit monitoring companies have been known to make mistakes. Checking your score will allow you to make the corrections before the banks question you. Here is a link to get your started:
Still not sure what your next step is? Call me and I will walk you through it.