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Mortgage 101: Improving Your Credit Score
Today in our Mortgage 101 series we are talking about ways YOU can improve your credit score! First let’s take a look at about the different categories your score can fall in: • Excellent Credit: 800+ • Very Good: 740-799 • Good: 670-739 • Fair: 580-669 • Poor: Below 580 Keep in mind that the above numbers are just a range and can […]
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Mortgage 101: How is My Credit Score Determined?
How is my credit score determined? This is a common question borrowers ask us. Today on the blog, we are talking about the factors that determine your credit score and how they can impact your credit. Your credit score is determined by five factors, the following information can help you make better choices regarding your […]
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Mortgage 101: Qualifying for a Mortgage and Your Credit Score
Today in our Mortgage 101 series we are highlighting how you can qualify for a mortgage and how your credit score can effect your qualification. What do lenders use to qualify a borrower? Below is a list of the basic items lenders review when a borrower first applies for a loan. Keep in mind that additional information […]
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Improve Your Credit Score with 3 Simple Tips
1. Pay down balances, and keep those balances low One aspect that affects your credit is how much revolving credit you have versus how much you are using. Paying down balances can help boost the amount of credit you have available and this can raise your score. 2. Check for errors on your credit report […]