Do you have poor credit and are wondering how you can rebuild it? If you’re unsure where tp start I can help you with that. When you work with me it’s not just a one time deal. It’s forever. I’m here to help you achieve your homeownership dreams. That includes getting you the best rate available and the best mortgage product for your situation. With these 3 simple tips and tricks you’ll have your credit in check and growing in no time.

1. Whatever you do, don’t cancel your credit cards. Though this seems like the best way to prevent yourself from using them, lenders want to see that you can handle your credit responsibly. Keep your 2 oldest credit cards (trade lines). the longer you have a trade line with good payment history the better for your credit score.

poor credit score

2. Follow the 2/2/2 rule. this very simply is that have 2 trade lines for 2 years with a minimum balance of $2,000. Following this rule means that you pay both of these credit cards on time each month for 2 years and staying within the $2,000 limit.

3. Use your credit cards regularly – with care. These two trade lines need to be actively used. Have monthly payments like your cellphone or Netflix be attached to your credit cards. If you’re concerned about getting into debt or not making your payments on time, pay off the balance as you make your purchases.

If you do all of this when it comes time to renew or revamp your mortgage, your credit score won’t hold you back. You can also be assured that I’ll be there with you every step of the way and have your back.

Ready to start getting your credit back on track? Contact me today and we can begin discussing the options available to you.

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PHILIPWEIR@GMAIL.COM

Cell: 416-809-2196
Offfice: 905-264-8444

101 – 1 Director Court,
Woodbridge, ON L4L 4S5

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