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Key Financial Considerations for First-Time Homebuyers. Are You Ready to Make the Leap?
Posted by Infinity Admin on
Buying your first home is a significant milestone and a dream for many Canadians. It’s not just about finding the perfect property; it's also about ensuring you're financially prepared for this life-changing investment. Being ready to take this step involves more than just browsing listings. It requires a keen understanding of your financial standing and planning for the responsibilities of homeownership.
Credit Score and Credit History
Your credit score plays a vital role in securing a mortgage with favorable terms. Lenders use this score to evaluate your creditworthiness, determining the interest rate and the loan amount you qualify for. Regularly monitor your credit report to identify and rectify any discrepancies. Maintaining a good credit…
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