4 TRICKS TO IMPROVE YOUR CREDIT SCORE BEFORE APPLYING FOR A MORTGAGE TO TREAT YOURSELF TO A LOW MORTGAGE INTEREST RATE

Buying a home in Land o Lakes or Wesley Chapel or surrounding areas?

When applying for a mortgage, you want your credit score to be as high as you can get it.  Here are a few tricks that work.  But, don’t get excited.  This isn’t going to happen overnight.  However, within 3 to 6 months you can raise your credit score significantly with just these 4 simple techniques.

1) Know your credit score.  Check on CreditSesame.com.

Your credit score determines the interest rate you will get on your mortgage.  A higher credit score can save you monthly on your mortgage payment.  This will show you what is keeping your score low so you can fix it.

2) The largest part of your credit score is your credit history.  If you have negative marks, like late payments on any of your credit, write letters to your creditors asking them to remove those please, and send them in the mail. Be very polite and give them a good reason why you made a late payment or whatever it is.  If you can convince them to do that it will raise your score right away… meaning in about 3 months.

3) Contact all your credit cards and ask them to raise your credit limit. This will lower your “utilization ratio” pretty quickly raising your score.  Paying off credit cards will do the same.  Do not close out the account.  It is good to have accounts that have zero balances.  It shows you can manage your money. 

4) Do not apply for any new credit cards, car loans or store credit for 6 months.  Even “No interest paid until next year” loans will drag your credit down.

If you are going to be buying a home soon, contact me.  I can help you save even more money during the process.  There are a lot of costs during the house buying process, knowing where you can save money will help.

Dee Smith  813-714-9737   deesmith@deesmit.com  www.DeeSmith.com

RE/MAX Premier Group  Wesley Chapel, FL 33544  

#LAND O LAKES   #WESLEY CHAPEL  #REAL ESTATE