When it comes to obtaining a mortgage loan, your credit report is a key piece of the puzzle that will be used to determine how much of a loan you can take out as well as what your interest rate will be. Therefore, it is important for you to have a solid understanding of what your credit report is as well as how it will impact your mortgage loan terms. To that end, here is a look at the type of information you can expect to see in your credit report as well as how to fix your report if it contains errors.
The first part of your credit report will simply contain the information necessary to identify who you are. This information includes:
- Social Insurance Numbers
- Date of Birth
- Current Address
- Previous Addresses