Tag Archive for: credit cards

How To Establish Credit For Your Kids

Parents cannot buy a property for their college kids with “owner-occupied” financing unless their kids are on the loan too. But, the kids need to have established credit if they’re going to be on the loan. So, that is just one excellent reason to establish credit for your kids when they are in or right out of high school.Read More

Don’t Close Out Credit Accounts or Trade Lines – Hurts Scores

We had a borrower yesterday who made $600,000 per year and he had almost no consumer debt or late payments…and his credit score was too low to get the Home […]Read More

Do Not Close Out Credit Cards; Just Pay Them Down

We recently pulled credit for a borrower (a Realtor no less) who had closed out all of his credit cards as part of his effort to clean up his credit […]Read More