Credit
The 2 credit reporting companies in Canada.
Who are Equifax and TransUnion?
The place where current interest rates can be found.
What is the intranet?
The person(s) who can be given information on a loan or mortgage.
Who are the TRO and Joint signors?
A score that reflects how well a member makes their payments.
What is an ERS score?
A rate that stays the same over the entire loan.
What is a fixed rate?
Information commonly requested on a mortgage during tax season.
What is the year to date interest?
A score that reflects how close a member is to bankruptcy.
What is a BNI score?
A rate that may increase/decrease throughout the life of a loan based on Prime.
What is a variable rate?
Registered account for home savings.
What is FHSA?
The recommended percentage to keep revolving credit under in order to maintain good credit scores.
What is 30%?
The current 5yr promotional mortgage rate.
What is 4.09%?
The 3 products that allow a member to go into the negative.
What is overdraft, line of credit and home equity line of credit?
The minimum ERS score to qualify for lending at NSCU.
What is 600 ERS?
The current Prime rate.
What is 4.45%?
In the quick access tab, where more loan details are found.
What is the + button?