WOW- Why Is Credit Important? How Can You Improve Your Credit? Your credit is important for all aspects of financing. When Financing a Home your credit score and past credit history can determine the qualification for financing. How can you Improve your credit? 1. Always pay your monthly obligations in a timely manner . 2. All revolving accounts you should always maintain your balance @ 33% of your approved limit. Exceeding 50% of your balances could reflect negative 3. Maintain A minimum of 2 lines of credit with 12 month history. 4. Avoid any collections , charge off accounts. Including medical collections could impact your credit score. 5. Having to many monthly obligations could impact your credit. When Financing A Home DO NOT open any new accounts. This could result your Mortgage Loan to be Declined. Please call me today for any Mortgage Financing Questions FREE@ 972-935-1601
Posted on: Fri, 12 Jul 2013 11:21:27 +0000
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