Tag Archive for: credit scores

Why Mortgage Rates Aren’t One-Size-Fits-All

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Rates vary by credit score, loan type, down payment, and lender. Mortgage pricing is complex and not one-size-fits-all, especially with jumbo loans.Read More

Property Type and Fico Score Can Significantly Affect Rate

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Borrowers are often surprised how much a lower credit score or condo purchase can increase their rate. Accurate details matter when quoting.Read More

Want a Higher Credit Score? Don’t Zero Out Your Cards

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Paying off credit cards entirely may lower your credit score. Keeping a small balance can be more beneficial—ask an expert before paying down.Read More

Why FHA is a Smart Choice: Lower MI & Fast Closings

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FHA loans are more competitive than ever with lower mortgage insurance rates and fast closings. They offer advantages for buyers with low credit scores, and myths about property conditions and closing times are debunked.Read More

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

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Even a borrower with a $600,000 income can face a low credit score if they close out credit accounts. Learn how keeping accounts open can help maintain a higher score and improve your chances of getting the credit you need.Read More

Do Not Close Out Credit Cards; Just Pay Them Down

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Closing credit cards can lower your credit score and impact mortgage qualification. Instead, pay them down to zero and keep them open for better financial standing.Read More

Don’t Close Out Credit Cards; Open Accounts = Higher Scores

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Closing credit accounts can hurt mortgage eligibility. Lenders require at least two to three open trade-lines, like credit cards or installment loans. Keeping accounts open with low balances helps boost credit scores and improve loan qualification chances.Read More