Tag Archives: credit score

How Your Credit Score Affects Your Mortgage Rate

When the Office of the Superintendent of Financial Institutions (OSFI) increased capital requirements on default insurers – and linked its capital formula to credit scores* – many securitizing lenders have opted to do two things: Thing One:  set different rates … Continue reading

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What does your credit score mean?

Did you know that your beacon score or credit score is the single most important factor in determining your borrowing capacity for either a mortgage, car loan, credit card application, etc.?  Many of us have never heard the term or … Continue reading

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