Olympic Mortgage - Logo
MEET WITH US
CALL US NOW

Why Your Credit Score is Important

  • olympicmort
  • November 9th, 2017

Table Of Contents

Having a good credit score is crucial when applying for a mortgage. Here are three simple tips to help you ensure your credit score stays top notch!

 

  1. Setup your credit card and cellphone bills on automatic payments each month. Paying at least the minimum payment on your credit cards will ensure you don’t have any late payments, which can be very detrimental to your score.
  2. Try to keep your credit card balances at no more than 70% of the authorized limit. For example, if your limit is $10,000, make sure to keep the balance under $7000 at all times.
  3. Pay off any collections immediately, and keep your receipts! If you have any collection on your credit bureau, pay it off! And remember to keep your receipts, as lenders may require further proof that you’ve paid the collections.

Call or email us for more information about managing your credit!

Previous Articles

The Fall Mortgage Update

Olympic Mortgage Questions? Call 250.858.7160 Book a call  ·  Email me  ·  Start an application A little humor to start off – the “interest rate jitters” prank Last month I hastily sent out a newsletter with my office address in the subject line, instead of the subject. I was playing around with the settings for […]

A Week After The BoC Held Rates – What Now?

      Olympic Mortgage Market update September 2026 One week later THE BANK HELD. HERE’S WHAT MATTERS NOW.   The overnight rate stayed at 2.25%. Mortgage pricing didn’t. It’s been a week since the Bank of Canada held its overnight rate at 2.25%. That’s enough time for the headlines to fade and for the […]

Fixed Rate Special – Going, Going, Gone

      Economic update  ·  week of August 31 The Bank of Canada decides Wednesday, and the data is pulling both ways. The announcement lands Wednesday, September 2. Going in, the case is genuinely mixed — three things are pushing in different directions at the same time. Friday’s GDP number came in better than […]

No matter where you are in the buying process, its always the right time to setup a call with a mortgage specialist!
GET STARTED
Olympic Mortgage - Logo
At Olympic Mortage, we want the best for the people around us. We care for our clients, whomever they are, wherever they’re from. Everyone gets the best of us, because that’s what we want to be putting out to the world. So go ahead, try us.

CONTACT DETAILS

JOIN OUR NEWSLETTER

Stay in the know. Sign up for our weekly newsletter.
© Olympic Mortgage 2024 | All Rights Reserved. | FICOM license number: 145716. | Privacy Policy. |