Posts tagged as:

credit score

Why are rates dropping, and what to do about it

Last week’s jobs report, and the continuing financial woes in Europe, are keeping mortgage rates low in Charlotte and throughout the US. On Friday, after the weak Employment Report, mortgage rates fell to their lowest level on 2010. When rates eventually go back up, it will happen quick.  It could be this weeks $70 Billion [...]

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The fastest way to increase your credit score

As credit cards balances get close to their maximum limits, your score will start to drop. In fact, a single credit card at its maximum limit can lower someone’s credit score by 75-100 points.  This drop in a score can be the difference between a mortgage loan approval or denial, or add 2% to the [...]

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Do this if you don’t have a 740 or Better Credit Score

You need to get your credit score to at least 740 in today’s economy. If your credit score is not a 740 or higher, you will pay more for things like home loans, auto loans, credit cards, insurance. The extra costs of all these things will make it very difficult to have extra money left [...]

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7 Ways To Protect Your Credit Score For Better Mortgage Rates

Credit scores not only make the difference between a mortgage approval and mortgage turn-down, but they also play a large role in determining your actual mortgage note rate. In the 3-minute piece, the NBC Today Show talks about 7 ways that homebuyers ruin their credit — often by accident.

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Improving your Credit Score – Step One

Know what you are working with! Image via Wikipedia If you haven’t seen your credit report in a while, get a copy now.  There is only one place for a truly ‘Free’ report – but it comes with a catch – www.AnnualCreditReport.com will give you a copy, but the catch is you have to pay [...]

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