A credit report is the document a lender uses to determine your creditworthiness for getting a mortgage. It includes your credit history, payment patterns, and outstanding debts. Lenders review this report to assess your ability to repay the loan, helping them decide whether to approve your mortgage application and what terms to offer.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

Mortgage Education

  • Total Debt Service Ratio (TDS)

    The percentage of gross income allocated for payments of principal, interest, taxes, and heat (P.I.T.H.), along with other debt obligations, [...]

  • Title Insurance

    Title insurance protects property owners and lenders from financial loss due to defects in the title of real property. These [...]

  • How Much You Need for a Down Payment in Canada

    Buying a home is a significant milestone, and one of the first steps in this journey is understanding how much [...]

  • Home Buying Guide

    Buying a home in Canada can be both exciting and daunting. With a competitive market and unique regulations, it's essential [...]

  • Should You Co-Sign a Mortgage

    To Co-Sign or Not to Co-Sign: A Mortgage Dilemma Considering co-signing a mortgage with a friend or family member can [...]