Stepwise HOME Rent 2 Own

🌟 𝑼𝒏𝒅𝒆𝒓𝒔𝒕𝒂𝒏𝒅𝒊𝒏𝒈 𝑪𝒓𝒆𝒅𝒊𝒕 𝑺𝒄𝒐𝒓𝒆𝒔 𝒊𝒏 𝑪𝒂𝒏𝒂𝒅𝒂 🌟

Navigating the world of finance? Here's a quick guide to understanding credit scores, what banks consider prime lending criteria, and how to check your score for free!

📈 𝐇𝐨𝐰 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞𝐬 𝐖𝐨𝐫𝐤: Your credit score is a three-digit number, ranging from 300 to 900, that reflects your creditworthiness. It's based on your credit history, including how you've handled loans, credit cards, and other forms of credit. The higher your score, the better your chances of getting approved for loans with favorable terms.

🏦 𝐖𝐡𝐚𝐭 𝐁𝐚𝐧𝐤𝐬 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫 '𝐏𝐫𝐢𝐦𝐞' 𝐟𝐨𝐫 𝐋𝐞𝐧𝐝𝐢𝐧𝐠: Typically, a score of 670 and above is considered 'good' by most Canadian banks and lending institutions. Scores in this range or higher are often seen as 'prime' lending candidates, meaning you're likely to get better interest rates and loan conditions.

🆓 𝑹𝒆𝒔𝒐𝒖𝒓𝒄𝒆𝒔 𝒕𝒐 𝑪𝒉𝒆𝒄𝒌 𝒚𝒐𝒖𝒓 𝑪𝒓𝒆𝒅𝒊𝒕 𝑺𝒄𝒐𝒓𝒆:

𝟭. 𝗖𝗿𝗲𝗱𝗶𝘁 𝗞𝗮𝗿𝗺𝗮 - Offers free credit score and report access.
𝟮. 𝗕𝗼𝗿𝗿𝗼𝘄𝗲𝗹𝗹 - Provides free weekly credit score updates.
𝟯. 𝗘𝗾𝘂𝗶𝗳𝗮𝘅 𝗖𝗮𝗻𝗮𝗱𝗮 - Provides a free credit report once per year upon request by mail.
𝟰. 𝗧𝗿𝗮𝗻𝘀𝗨𝗻𝗶𝗼𝗻 𝗖𝗮𝗻𝗮𝗱𝗮 - Also offers a free credit report once per year upon request.

Remember, checking your own credit score is considered a "soft inquiry" and doesn't impact your score, so it's a good idea to monitor your credit health regularly.

​𝙎𝙩𝙖𝙮 𝙞𝙣𝙛𝙤𝙧𝙢𝙚𝙙 𝙖𝙣𝙙 𝙩𝙖𝙠𝙚 𝙘𝙤𝙣𝙩𝙧𝙤𝙡 𝙤𝙛 𝙮𝙤𝙪𝙧 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙛𝙪𝙩𝙪𝙧𝙚! 💼💡

🏡 𝑼𝒏𝒍𝒐𝒄𝒌𝒊𝒏𝒈 𝒀𝒐𝒖𝒓 𝑷𝒂𝒕𝒉 𝒕𝒐 𝑯𝒐𝒎𝒆 𝑶𝒘𝒏𝒆𝒓𝒔𝒉𝒊𝒑: 𝑪𝒓𝒆𝒅𝒊𝒕 𝑹𝒆𝒑𝒂𝒊𝒓 𝑻𝒊𝒑𝒔

Are you dreaming of owning a home but your credit score needs a boost? 🌟 Our Rent to Own program is here to guide you! 🏡

🔍 𝐓𝐢𝐩 #𝟏: 𝐂𝐡𝐞𝐜𝐤 𝐘𝐨𝐮𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐑𝐞𝐩𝐨𝐫𝐭

Know what your credit score is. Regularly review your credit report to catch errors and identify areas for improvement. 📊 Mistakes happen, and correcting them can positively impact your score.

💳 𝐓𝐢𝐩 #𝟐: 𝐏𝐚𝐲 𝐘𝐨𝐮𝐫 𝐁𝐢𝐥𝐥𝐬 𝐨𝐧 𝐓𝐢𝐦𝐞

Timely bill payments play a crucial role in building a strong credit history. Set up reminders or automatic payments to avoid late payments.

💼 𝐓𝐢𝐩 #𝟑: 𝐑𝐞𝐝𝐮𝐜𝐞 𝐂𝐫𝐞𝐝𝐢𝐭 𝐂𝐚𝐫𝐝 𝐁𝐚𝐥𝐚𝐧𝐜𝐞𝐬

High credit card balances can negatively affect your score. Aim to reduce balances and keep credit utilization below 30% for a healthier credit profile.

🔄 𝐓𝐢𝐩 #𝟒: 𝐃𝐨𝐧'𝐭 𝐂𝐥𝐨𝐬𝐞 𝐎𝐥𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬

Closing old accounts can shorten your credit history. Keep those accounts open to demonstrate a long and responsible credit track record.

💡 𝐓𝐢𝐩 #𝟓: 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲 𝐘𝐨𝐮𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐓𝐲𝐩𝐞𝐬

Having a mix of credit types (credit cards, loans, etc.) can positively impact your credit score. Aim for a well-balanced credit portfolio.

📚 𝐓𝐢𝐩 #𝟔: 𝐒𝐞𝐞𝐤 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞

Consider consulting with a credit counsellor or financial advisor for personalized advice on improving your credit situation.

Ready to turn your credit around and take steps towards home ownership? 🏡💙 Our Rent to Own program is designed to help you build a brighter financial future. Drop us a message to learn more! 📬✨





Your friends at Stepwise Home Solutions 🏡✨

Welcome to Our Rent to Own Program!

You can afford your monthly rent and dreaming of owning your own home, but find it challenging to secure a mortgage? Not enough down payment? Bruised credit or No credit? New to Canada? Self-employed? Or a transitioning from a life event?

If you can afford a reasonable monthly payment, you can easily qualify for one of our Rent to Own Purchase Programs.

Rent with a Purpose: You'll start by renting the home while having the option to purchase it in the future. A portion of your monthly rent will be credited back to you towards building equity or serving as a down payment.

We have homes in various areas of Alberta, call us or email for more information and pre-qualification.

E: [email protected]
P: 403-975-2775