Hi,

While applying for mortage loan, does Canadian mortage companies consider your USA credit history ?

I know it can be big factor in getting a good loan rate.

Hi,

If you don't have Canadian credit history, they consider your US credit history.

Thanks raajen.

So what are typical Mortgage rate for person haveing 4 years USA credit history with credit score above 750 ? (USA average is around 5.8%)

Using US credit history (@ 4years in US h1B with 750 credit score) I got mortgage at 5.2 % for condo @ 235,000 CAN$, have to pay 10% down payment.

Parth

-----------------------------------------------------------------
"First they ignore you, then they laugh at you, then they fight you, then you win" - Mahatma Gandhi

Thanks a lot Parth, thats an excellent rate you got !!!
I was under the impression that intrest rates in Canada are much higher then USA. That helps..

You can get the best rate available in the market.

-----------------------------------------------------------------
Live and Let Live. Together we can make a difference.

DP JAIN, CPA, CGA, CPA (US), CA(I), LL.B.(I)
416-305-0080
(Loans, Mortgage, Tax, Accounting, Investments)

Credit History from USA comes from three companies ie Transunion,Experian and Equafax, Which one is recognised by Canadian Lenders ,I have mine for 850 plus ,would it be fine for rental or buying purposes.