The importance of good Credit and Service

My dad used to tell me all the time, if you get a ticket, make sure you fight it. Car insurance is very expensive and you want to keep your insurance in good standing. The same thing applies to credit.

Equifax Canada and Trans Union are the two main credit reporting agencies in Canada. They keep track of all your bill payments that are made on time or are late. Anything that goes into collections is reported directly to them.

So how do they effect your Toronto mortgage?

As I had stated earlier, the higher your credit score the lower your rate of interest but this doesn’t mean that there aren’t a number of competitive products out there for people with lower credit scores or even tarnished credit.

The Paul Sidhu team is well respected by all the lenders and are known to help people rebuild credit with everything from secured visas to free credit consultations.

Our team knows how Trans union and Equifax work and can show you how to raise your credit score within weeks. For people that have a lack of credit history or are new to the country, we have programs that can assist in the purchasing of a home.

Service

Did you know that in almost every Toronto mortgage you can make a payment for the principle portion of your mortgage for the next year, they must take it and apply it towards the principle. You’ll cut your mortgage by at least 5 years off the bat and that’s money you would have to pay anyways. (Call your lender to see if you qualify.)

The Paul Sidhu team knows Canadian mortgages and understands that everyone wants to save money and that’s what we’re here to do. We know that no two financing situations are alike, so we sit with you and give you a free consultation to personally assess your situation and answer any questions or concerns as they arise.

We educate you before providing you with your options so you understand how the funding is taking place and help you make a more informative decision as to what product will best suit your needs.

We not only assist with Toronto mortgages and the surrounding area but with refinances, equity take outs, lines of credit, construction loans as well as business loans and we wow you with our service from start to your funding date and beyond. We are known for exceeding our customer’s expectations regularly. Give us the opportunity to show you how.

Find out about the differences between Home Inspections and Home Appraisals.

*Check with your lender to see if it applies to your situation