Credit Score Mortgage Canada
December 11th, 2007 | 
Author: 
Question: Lower Credit Card Limit = Lower Prospective Mortgage?
I understand that higher credit card limits should increase your FICO Score. For the sake of my question, let's assume that a minimum of that available credit is used, and a good credit history.
Why then, does TD Canada Trust's online calculator reduce one's available mortgage with an increase in credit card limit? I find that quite confusing and would really appreciate any insight that anyone might have.
Thank you in advance!
Answer: Most likely temporary, they had to check your credit in order to raise the rate. Just a guess went down 5-7 points?
Credit Score by Vancouver Canada Mortgage broker Mark Fidgett, mortgage broker BC
Posted in Loans | 
Tags: cards,business,payday, credit, credit score mortgage canada, delicious, mort, mortgage