What Credit Score Is Needed for a Mortgage in Canada?

What Credit Score Is Needed for a Mortgage in Canada?

For Canadian mortgages, a good credit score is generally 700+. Excellent: 750+, fair: 650–699, poor: below 650.

Funny analogy: Excellent credit = VIP pass. Fair credit = “Maybe we’ll let you in.” Poor credit = “Do you have a time machine?”

Tips to boost your score: pay bills on time, avoid new credit inquiries, and don’t max out your credit cards buying gadgets you don’t need.

Follow our blog for funny, practical mortgage and credit tips

Informational purposes only. Credit score requirements vary by lender. Consult a licensed financial advisor.

Location: Mayfair, Calgary, AB T2V, Canada

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