credit rating

Your Credit Rating: 5 Factors that Negatively Impact It

Chris Gallant Uncategorized

Lenders look for things that negatively impact your credit rating.  They determine your credit risk based on your credit score as it’s the easiest way for them to determine your ability to pay back credit cards or loans. The 2 national credit bureaus used by consumers to determine their own …

customized residential mortgage solutions

3 Stages of Obtaining a Residential Mortgage

Chris Gallant Uncategorized

The process of obtaining a residential mortgage is best done with the help of a mortgage broker. An expert simplifies a rather complicated process. The Canadian Mortgage and Housing Corporation report a more than a 20% increase in the total value of mortgage originations compared to the same period in 2019. …

Commercial Loan: Asset vs. Repayment

Commercial Loan: Asset vs. Repayment: DSCR

Chris Gallant Uncategorized

When borrowing money for a commercial loan or mortgage, the first thing that a lender considers is repayment, not asset. The lender needs to know that you can service the debt. They use what’s known as a DSCR or Debt Service Coverage Ratio to determine it. The debt service coverage …