The Importance Of Good Credit and Service
Equifax Canada and Trans Union are the two main credit reporting agencies in Canada. They keep track of all your bill payments that are made on time or are late. Anything that goes into collections is reported directly to them.
How does my credit score affect my mortgage rate?
Generally, the lower your credit score the higher your mortgage rate of interest, but this doesn’t mean that there aren’t a number of competitive products out there for people with lower credit scores or even tarnished credit.
The KTX Financial team is well respected by many mortgage lenders and are known to help people rebuild credit with everything from secured visas to free credit consultations. Our team knows how both Trans union and Equifax work and can show you how to raise your credit score within weeks. For people that have a lack of credit history or are new to the country, we have programs that can assist in the purchasing of a home.
Why is service so important?
At KTX Financial we understand that no two mortgage situations are alike so we discuss with you your needs, wants, and financial goals. Through this process we take the time to educate you as to how the mortgage process works and teach you the best ways to save money.
For example, did you know that with almost every mortgage you can make a payment towards the principle portion of your mortgage for the next year. By doing this you’ll can cut your mortgage by at least 5 years off the bat and that’s money you would have to pay anyways.*
The brokers at KTX Financial do not work on commission and are dedicated to providing customers with both competitive rates and personalized service. No sales pressure, no obligations - just low rates.
*Check with a mortgage broker or lender to see if it applies to your situation
Call us now to arrange a mortgage
OR to get a FREE mortgage check-up with one of our brokers
1 888 922 8422 toll-free
416 351 2602 locally