When purchasing or refinancing a home, good credit is
CRITICAL to get the best offer.
Answer me this – What do you do to protect your credit when you are
getting a mortgage? How do you
make sure your scores don’t decrease?
Let me help you…
Make sure you:
1. Stay current on
all accounts – one late payment can drastically hurt you!
2. Continue using
your credit as normal
3. Call your
mortgage consultant before doing ANYTHING with your credit!
Biggest Oopsies!
1. DO NOT apply for
new credit (no co-signing either!)
2. Don’t pay off old
collections or charge offs
3. Don’t close any
credit card accounts
4. Don’t max out or
over charge accounts – try to keep your balance under 30% of your limit!
5. Don’t consolidate
your debt – this may raise your ratio on that card
No comments:
Post a Comment