The Home Buyer's Korner

Information presented should be used for educational purposes only.

February 9th, 2012

Guy looking up in color

Boost Your Credit Score For Better Mortgage Rates`

Credit scores play a huge role in today’s mortgage market — larger than at any time in recent history. Blame it on thehigh default rates of the last half-decade. Lenders are reserving their lowest rates for the customers most likely to make on-time repayments.

Mortgage rates are at an all-time low around the country. However, the low rates you see advertised on TV and online are only available to the home buyers and would-be refinancers whose credit scores are pristine. Having a high credit score is often the difference between getting “the best rates” from your lender, and getting something worse.

The first part of improving your credit score is understanding how it works. In this 5-minute piece from NBC’s The Today Show, you’ll learn the basics:

  1. Why you shouldn’t close a credit card after you pay off a large debt
  2. What is the maximize balance to leave on your credit cards, relative to your credit limit
  3. What types of credit checks harm your credit scores, and which ones don’t

You’ll also learn how to shop for a mortgage with multiple lenders without having your credit score “dinged”, as well as several proven methods to raise your credit score quickly.

In the end, good credit scores are the result of paying bills on time and staying with your means. Those with the best scores, get the best rates.

If you’re think about purchasing a home and need to get pre-qualified click on the “Apply for a mortgage now” and a loan officer will call you for a no obligation conversation on what loan programs are would be eligible for.

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FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

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FANNIE MAE HOMESTYLE

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Great for Real Estate Investors and Second Home Renovations

You Mortgage Loan Officer, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

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Your Mortgage Loan Officer, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

To print this document click on “Open in New Window” located at the lower right corner; click on “File”; then click on “Print”. In the center of the screen you will have the option to “Create A Printable PDF of the Presentation”.

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