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What is a Good Credit Score?


What is a Good Credit Score?
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So, what is a good credit score, anyway? In Canada, it’s generally anything over 700.
It won’t surprise you to hear that it does get more complicated than that. But if your score is above 700, then you’re in reasonably good shape. Credit scores in Canada generally range from 300 to 900, and the jump from a “fair” score to a “good” score is right around that 700 mark, depending on company that does the scoring and the bank that’s using the score.
Now, let’s taking a closer look at how credit scores work and why they’re important. ....

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10 Credit Score Myths You Need To Stop Believing

10 Credit Score Myths You Need To Stop Believing
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What Is Considered A Good Credit Score


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What to Know About Credit Scoring
Credit scores are used to predict how likely you are to pay back funds on time, so making sure you have a good credit score will make lenders much more comfortable with lending money to you.
Anything you do can and will affect your credit score both negatively and positively. If you plan on buying a house for the first time, it is vital to know that your credit score can significantly impact the interest rate the lender gives you.
When getting approved for a mortgage, your scores could mean the difference of thousands of dollars over the life of the loan. So understanding what can affect this as well as what you can do to get a good credit score is going to be vital. ....

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Mortgage Pre-Qualification vs. Pre-Approval: What Homebuyers Need to Know


The 2021 housing market is operating at warp speed. One second, you have five properties lined up that you like, and the next, there’s nothing available listed near your next duty station none that meets your criteria anyway. It’s exhausting, it’s disheartening and it’s discouraging for homebuyers. Military home sellers, on the other hand, are toasting with their champagne glasses.
The key, in addition to watching and waiting, is staying competitive. And in the 2021 market, that means getting all your ducks in a row, which, of course, means getting your finances in order. That way, as soon as there’s an opportunity to make an offer, you have everything ready. So let’s take a look at mortgage pre-qualification vs. pre-approval, what those terms mean and why they’re important to you as a homebuyer. ....

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