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.
  • 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.