Mortgage rates are at some of the lowest numbers ever. However, we still need to be mindful of mortgage financing rules, some of which have become more stringent over the past few months. For example, depending on the type of financing you need, the minimum credit score to qualify has recently jumped from 600 to 680. Regardless of the type of financing you're looking for, it behooves you to have as healthy a credit score as possible.
A mortgage broker colleague recently sent me an excellent article outlining practical things you can do to strengthen your credit score. I recommend giving it a read. Find it here.
A few strategies to improve your credit score
Blog by Robert Matthews | September 28th, 2020