
As it relates to mortgages, credit can often take the longest time to fix if there are problems, so accessing your report to make sure all is in order is a definite first step if you are thinking about a mortgage any time soon. Here's how...
Posted by Chris Richards on Apr 3, 2019 1:55:01 PM
As it relates to mortgages, credit can often take the longest time to fix if there are problems, so accessing your report to make sure all is in order is a definite first step if you are thinking about a mortgage any time soon. Here's how...
Posted by Chris Richards on Apr 15, 2015 4:22:00 PM
Last updated: May 2019
One of the mortgage clients I am working with right now has a Telus Mobility collection that is preventing her from getting a mortgage approval. The hard to swallow part is it looks like Telus Mobility and their collection agency may have broken the law, yet my client is the one to straighten up the mess!
As you are likely aware, your ability to get a mortgage, loan or credit card depends on having a good (enough) credit repayment history in your credit report. As a mortgage broker, I have seen a lot of credit reports and I have seen a lot of reporting errors and damaged credit scores. Luckily, and with some effort, errors can be corrected and your credit score will improve dramatically. To make these fixes, however, you need to understand the rules and how to approach resolving the problem. Interested? Read on ...
Posted by Chris Richards on Apr 9, 2015 2:32:00 PM
Last updated: May 2019
One of the things I like about being a mortgage broker is a real opportunity to help people out when life throws them a curve ball. Recently my phone rang from a self-employed mortgage holder, a couple trying to get some options as they had fallen behind on their mortgage payments, not to mention numerous other credit cards and, bills.
Posted by Chris Richards on Jul 22, 2013 8:32:00 PM
To qualify for a mortgage loan, your credit history doesn’t have to be spotless, but your history must clearly show your willingness to manage and pay your debts.
Posted by Chris Richards on Jun 1, 2013 9:53:00 AM
Last updated: May 2019
As a mortgage broker, one of the things I hear over and over again, especially with younger buyers, is that they think they have some credit report items that will prevent them from getting a mortgage. While that may be true, more often than not, it is actually a lack of down payment savings and/or too much personal debt that is the real culprit.
Posted by Chris Richards on Feb 21, 2013 12:56:00 PM
(Last Updated 2019)
A lot of people think it is their credit holding them back from getting a mortgage so they can buy their first home. Possibly, but credit is easy to fix. Truth of the matter is that saving for a down payment is the hard part.
If you require more discipline as it relates to saving – perhaps you spend whatever's in your bank account and just squeak by to the next pay-cheque – then this article is for you!
Here's a Down Payment Savings strategy to help you
About this blog
Our Richards Mortgage Group blog is a wealth of information for anyone looking to apply for a mortgage to purchase or refinance a property. Browse through the articles and find the topics that are most useful to you in your home mortgage information search. Find out if You Can Get a Mortgage here.
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