Are you a credit profile expert? Probably not, so these 3 tips will help you maximize your credit scores before applying for a mortgage loan. These tips are counterintuitive, which is why everyone needs to be informed. Send to all that could benefit.
Don’t:
- Pay-off your car loan(s)
- Let credit card balances and purchases go above 50% of the credit card limit
- Close any accounts, even if not using
The reasons you should not do it:
- By paying off your car, your credit score will decrease because you are removing a positive credit payment history from your credit profile.
- By allowing your credit card balance and purchases above 50% of the credit card limit, it appears you spend too much and can’t manage your debt. If you need more credit, better to open another credit card account.
- Closing credit card accounts removes positive credit payment history from your credit profile, thereby decreasing your credit scores.
When you want the most accurate information, call me at 714-310-4162, because I talk to all types of lenders and several different credit repair companies to verify this insider information.
Recent rave review:
“I was absolutely blown away by working with Dan the Man for Mortgages! Even after we had moved forward with the loan we were still getting support calls and follow-up to make sure our mortgage process easier and more successful. I won’t ever take out another mortgage without working with Dan the Man for Mortgages to find me the best options available. I would very highly recommend them to anyone that wants to confidently take out a mortgage knowing it was the best deal possible!” -Josh F.
“I was absolutely blown away by working with Dan the Man for Mortgages! Even after we had moved forward with the loan we were still getting support calls and follow-up to make sure our mortgage process easier and more successful. I won’t ever take out another mortgage without working with Dan the Man for Mortgages to find me the best options available. I would very highly recommend them to anyone that wants to confidently take out a mortgage knowing it was the best deal possible!” -Josh F.