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SATURDAY, MAY 6, 2023 • YOUR HOME YOUR WAY • THE BRANDON SUN
What does it mean to have good credit for buying a house?
If you’re planning on buying a home, you’ll likely need to obtain a mortgage. Do you think having a good credit score is all you need? Think again! THE IMPORTANCE OF A GOOD CREDIT SCORE Your credit score serves as a risk indicator for lenders. If your score is below 650, this could limit your pool of potential lenders. Conversely, if your score exceeds 720, financial in- stitutions will be more likely to trust you and give you a better rate. CREDIT REPORT In addition to your credit score, your credit report includes essential
information about your credit his- tory, including data about various types of credit, such as lines of credit
and revolving credit. GETTING A LOAN
Every financial institution has a process for assessing your credit- worthiness. They usually check your credit rating, income, down pay- ment, mortgage stress-test score and other elements. Contact a financial adviser or mortgage broker to find out about your financial and credit situation.
Celebrating over 110 years in business! RESIDENTIAL DUCT CLEANING • 1 Furnace System SPRING SPECIAL BEFORE AFTER
ONLY $ 339 .99 * +tax
• Up to 12 vents • 1 main hot and 1 main cold duct
Dryer vent for $ 30 as an add on
*Some restrictions apply, see dealer for details.
Phone: 204-728-0180 • www.brandonheatingandplumbing.ca
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