Historically, sole proprietors and self-employed individuals with a good credit score were approved mortgages from banks, however regulation has changed things for the 2.75 million self-employed Canadians. A credit score of 680 was enough to apply for a mortgage, and given that those who are self-employed have a higher median net worth than their peers who… Continue reading Can I Get A Mortgage If I’m Self-Employed?
Tag: credit score
How To Save Money On Insurance
Your insurance premium went up again and on closer inspection you see that it wasn’t just a token increase. In fact, with a little research you have discovered that your rates have been going up steadily for several years and at double-digit increases in some years. You can save money on all types of insurance… Continue reading How To Save Money On Insurance
Understanding Your Credit Score
If you’ve got your credit report in one hand and your FICO score in the other–and you wish you had a third hand to scratch your head in perplexity–you have come to the right place. Yes, gleaning useful information from that seemingly cryptic report and random “score” feels like an insurmountable task–one worthy of the… Continue reading Understanding Your Credit Score