MYTH: You need perfect credit to get a mortgage.
FACT: While better credit gets you better rates, you don’t need perfect credit. In Canada, most lenders want a minimum credit score of 600-680, though some alternative lenders go even lower. If you have past credit issues like bankruptcy or collections, you can still qualify after a waiting period and with a larger down payment.
damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943
