How are mortgage rates calculated? What would the ideal credit score be in order to secure a decent rate?
By Canadalend
Back to Home
How are mortgage rates calculated? What would the ideal credit score be in order to secure a decent rate?  
 
 I need some help and advice about securing a mortgage.
 
How are the rates calculated and what would be considered the ideal credit score? I want to have something to work towards so I can one day be approved and own my own home.
 
Thank you. 

Answers
By Canadalend
Hi there and thank you for your inquiry.
 

Anything over 700 is a great credit score, but it is always important to remember that there are many factors to take into consideration when applying for a mortgage, they look at your credit score yes, but also your income, any debts you may have, if you are purchasing a home the size of your down payment matters, all those factors are considered.

 

Going to Candalend.com will ease this stress for you and they will analyze all these factors and help get the best possible rate for you!

 

 

Feel free to also contact our mortgage specialists via phone:
 
Back to Home
#canadalend #mortgages #2018 #faq
Level 6 (XP: 2400)
Canadalend
6 years ago
Interested in learning more about the mortgage solutions available to you through Canadalend? Contact a member of our team today for details.

Reviews

4 member reviews
Write Review
    By Mark
    Thank you Canadalend for helping me with mortgage approval advice.
    By RHamilton
    so hellpful with their responses to mortgage related questions
    By crazycatlady
    The Canadalend team helped me when I had no where else to turn. Thank you so much
    By Flux
    Very Helpful financing and lending information!
Load More
Featured On
featured_on