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How to Preserve
or Improve Your Credit Score
Your credit history and
current credit score are an extremely important factor in
determining your mortgage pricing. A
stronger credit history ensures a stronger credit score, which in
turn means that lenders will be more likely to approve your loan application.Those
with better credit scores will also receive rates from lenders than
those with lower credit scores.
We can help you Re-Score
your credit and improve your credit score.
Re-score is a 72-hour process that can facilitate your
supporting documentation to change the data that appears on your
credit report, a quicker and much more effective way than "fixing"
your credit. And keep in mind, your credit doesn't need to be broken
in order for it to benefit from some "fixing." There are systematic
ways to increase your scores. This might help qualify you for a loan
that you wouldn't normally be able to qualify for.
There are ways to
systematically increase all of your credit scores. An experienced and
resourceful Loan officer is going to be knowledgeable in the area of
credit scores. Your BrokerMortgages.com
application could be a valuable learning experience. Sometimes good
people need some help in qualifying for the best loan for them and
their needs.
Your credit score and past credit history is maintained in your
credit report that also includes detailed information of all your
past debts, finances and how well you have repaid your debts.
Looking at your credit report, a lender can make a decision on your
loan application. Call 1-877-908-2100 to speak
with a mortgage specialist, who can obtain your credit report, and
review it in detail with you. You may also fill out an
application, and a mortgage specialist
will call you to review your credit with you.
Reasons
You Have a Bad Credit Score
More Credit Education
Here are a few tips to assist you in in maintaining good credit:
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● Always pay your bills in a timely manner! If you've
missed prior payments, make a point to keep track of when
your bills are due and pay them on time. This is one of the
most important factors in determining your credit score.
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Get your credit report at least once a year (it can be
done for free once a year). Especially review your score a few months before you apply for
a mortgage loan and look over your credit report. Find any
erroneous bad marks and correct them as soon as possible. We
can help you "re-score" your credit score in 72 hours in
most cases.
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● Pulling your credit multiple times in a short
period is not necessarily bad; but doing so over a period of
months will lower your score. So try to secure your mortgage
within two or three weeks.
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● Your credit card balance as compared to your
overall credit availability is another extremely
important aspect of your credit score. You must try to keep
your balances low on credit cards and other loans, or your
credit report will suffer. Do not put more on your credit
cards than you can pay off on a monthly basis, and use the
credit which has been extended to you responsibly. You will
regret it in the not-too-distant future if you don't.
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● Once again, false blemishes are a very common
problem that can be easily corrected. We can help you
accomplish this and raise your score in a very short time
period.
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● We
have credit experts who specialize in getting your credit to
where it needs to be. If you are struggling in this area,
please don't hesitate to contact us.
● If your credit report needs some assistance, try one of
our credit
specialists
● Click here if you need a Real
estate Agent
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Before you begin the home buying process, you
might need certain fixed. Find out what your trouble areas are,
and let us help you save money on your home purchase. Start by becoming PREQUALIFIED
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