Looking for a Better Deal on a Mortgage? Try These 3 Tips to Improve Your Credit Score
Posted by Tom Crimmins Realty on
A borrower's credit score is one of the most significant driving factors that can influence the interest rate and loan terms they qualify for, and this can impact the mortgage payment and even loan qualification and approval. Because of how important a credit score is in the home loan process, many are searching for ways to improve their credit score. The good news is that there are several tips to follow to improve a credit rating.
Reduce Outstanding Balances
It is not necessary to have all debts paid off in order to have a great credit score, but a credit rating can be dinged if outstanding balances are too high. Paying off accounts that have a low balance and reducing balances on accounts that are close to being maxed out can be beneficial. For…
1538 Views, 0 Comments