Article courtesy of Genworth Canada. A credit report is a history of how consistently you pay your financial obligations. It is created when you first borrow money or apply for credit and is built over time. The companies that lend or collect money or issue credit cards (banks, finance companies, credit unions, retailers, etc.) send… Continue reading Understanding Your Credit Report
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Can You Afford to Buy a Home?
Article courtesy of Genworth Canada. The first thing any prospective homebuyer needs to do is determine whether they can afford to buy the home they want. Many people believe they have to save a large down payment. Thanks to mortgage insurance, there are various programs that enable homeownership with little or no down payment at… Continue reading Can You Afford to Buy a Home?
A Closer Look at Credit Reports
If you want to purchase a house and need a mortgage, someone is going to have to pull a credit report at some point along the way. A credit report outlines credit history and ultimately, credit worthiness. Credit-reporting agencies are governed under The Consumer Reporting Act, and anyone who pulls a credit report needs to… Continue reading A Closer Look at Credit Reports