About Calgary's Hamptons

When searching for a Calgary mortgage you need to be aware of the aspects of credit that lenders are looking for. They are:

1) length of time account has been active

The longer your account has been active the better your chances of getting a Calgary Mortgage. A credit card that has only been in use for 1 month is not nearly as good as one that has been open for 10 years.

2) repayment history

Make sure you pay on time. Credit is used as an indicator of your repayment habits - if you miss payments on your credit cards, you are assumed to miss payments on your Calgary mortgage.

3) high credit limit

A $200 credit limit is too low to really indicate your repayment habits. If you were to go on a spending spree you could likely pay down the $200 over a few months. A credit limit of $1500 (or more) is a good amount because if you do have poor spending/repayment habits then it will be clear seeing as most people cannot simply pay off $1500 within a few months.

4) balance to credit limit ratio

Try and keep your spending to 75% of your allowable limit (or less). If you are allowed to spend $1000 then try to keep your balances to $750 (or less). If you carry balances of more than 75% it appears as though you are living paycheck-to-paycheck and most lenders do not want to lend to someone who can barely afford their current obligation.

5) be consistent

Even if you show good credit practices; however, rapidly change them (even if you do not violate any of the above rules) you could still be penalized and hurt your chances of getting a Calgary mortgage. For example, if you typically do not have any balances from month to month on your credit cards and then you begin to (even if they are small amounts) the credit companies can see that you are now a little short on cash and they will therefore try and drop your score to better reflect your less desirable situation.

Trevor Hickey is a Mortgage Associate with Concord Mortgage Group Ltd. He specializes in Private mortgages to help those with rough credit. Trevor is also a licensed bicycle mechanic in Calgary, Alberta.

If you are interested in seeing the latest NW Calgary Homes for Sale in Hamptons available on the Calgary MLS® system then you should visit Hamptons Calgary Homes for Sale. This NW Calgary Home search site has been set up to profile properties within the Northwest quadrant of Calgary.

If you're looking to buy a Calgary Home anywhere in the North West then you should check out the NWCalgaryHomesForSale.com site for the current and newly listed homes for sale.

You can search, keep track of the latest listings and sign up for a guest membership in order to get e-mails of the latest NW Calgary MLS® home listings.

You can also visit one of my other home sites to find homes for sale in different areas of the city or check out the Calgary Home Page Blog.

• North West Calgary Homes for Sale
• North East Calgary Homes for Sale
• South East Calgary Homes for Sale
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• Calgary Real Estate

If you would like to view the latest Hamptons Calgary Condos available for sale today on the Calgary MLS system then you should definitely check out Hamptons Calgary Condos profiled on the North West Calgary Condo Site. This condo site has been set up to profile properties within the Northwest quadrant of Calgary.

If you're looking to buy a Calgary Condo anywhere in the North West then you should check out the NWCalgaryCondos.com site for the current and newly listed Condos for sale.

You can search, keep track of the latest listings and sign up for a guest membership in order to get e-mails of the latest Calgary MLS® condo listings.

You can also visit one of my other Condo sites to find Condos in different areas of the city or check out the Calgary Condo Blog.

• North West Calgary Condos
• North East Calgary Condos
• South East Calgary Condos
• South West Calgary Condos

Calgary Real Estate