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New investors face tighter credit score demands
New CMHC numbers suggest lenders and the default insurer itself are increasingly relying on a borrower’s credit score to evaluate an application – something likely to affect new real estate investors and not their seasoned counterparts.
Most real estate investors have sublime credit,” said Dave Butler, a mortgage broker with VERICO Butler Mortgage and largely focused on property investors. “Any tightening of credit requirements by CMHC would not affect them.”
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The Durham Real Estate Investor club began in 2008. Whether you are just starting your journey, have been investing for a few years, or are a well seasoned real estate investor the Durham Real Estate Investor Club has many benefits to you.
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