When shopping around for the perfect home, buyers also need to have their mortgage in mind to help them create a budget. Your mortgage is essential to your house hunting process and there are a few considerations home buyers need to keep in mind. Home Buyer real estate experts will always advise clients to create a solid budget before they start the home buying process. Credit scores in Canada and the United States slightly differ in terms of their range and what the scores represent. Here is the breakdown of score and meaning in Canada:
Canada Credit Score Rating via TransUnion - Maximum is 900
Excellent (Scores 801+)
Any score above 801 is considered an excellent score, leading to borrowers receiving better interest rates.
Good (Scores 750-800)