Credit cards can make or break a mortgage application

Financial Post

It takes a lot of planning to apply for your first home loan and getting a mortgage. You’ve demonstrated you can hold down a steady job, accumulated a healthy down payment, selected a property you can afford to own and maintain — and still you were turned down. The problem may be with your credit cards, says Chantel Chapman, financial fitness coach at financial technology company Mogo. And the problem may be subtler than you think.

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Michael James

Michael James

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CENTURY 21 Capital Realty Inc., Brokerage*
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