A name you trust...The service you deserve
Young adults dreaming of home ownership need to do more than save for a down payment.
Financial experts recommend anyone 18 and over apply for credit and use it responsibly to build and strengthen their credit score. That means borrowing money and paying it back on time, every time.
"It’s important to start early because the longer you have credit reporting to the credit bureau, the stronger your score and the better your chances of securing a mortgage," says Dave Lytton.
Securing credit when you have no credit history can be challenging. Here are some suggestions:
To learn more about credit reporting visit Canada’s two credit bureaus online at www.equifax.ca or www.tuc.ca
Helping you is what we do.
royallepagekelowna.com Ph: 250-717-2214