We heard from one of our lender contacts that Genworth Canada has relaxed the credit score guidelines for certain products, effectively going back to what guidelines were prior to the economic meltdown.
Beware though, this does not mean that we should forget what we have learned from the past year. Be prudent when making a purchase. Use a budget quarterly and employ the services of a good financial planner and a financial coach.
Thanks for reading!
Your London, Ontario Mortgage Brokers at Dominion Lending Centres Forest City Funding FSCO# 10671