Yes, your borrowing power is increased with a higher credit score, and in many cases most lenders offer better rates. But it’s not just the score, it’s also what lies beneath that score such as:
1) Your payment history
2) Your credit utilization (ratio between revolving balance and limit)
3) Your credit accounts’ age
4) Your credit inquiries
5) Your mix of credit
Call/Email me to discuss
info@modomortgages.ca
(647) 901-7948
