What credit score do you need to get approved for a mortgage?

Question

What other factors make you a good candidate for mortgage approval in Canada? Does your credit rating affect the interest rate that you will receive?

Answer 1

found some info on the site below....a good candidate is someone with a good credit score, steady employment history...and yes credit rating does affect ur interest..the better ur rating the lower ur interest rate will be

Answer 2

To be considered "prime" you need to have at least 680.  Below that score, you are considered subprime right now.

If you're higher than 720, you may qualify for the lowest rates.