Credit Repair = Better Mortgage

Your credit score and credit history will determine approval for a mortgage.

Your interest rate on your home loan will also be determined by your credit score.

The lower your credit score, the higher your interest rate-if you get approved at all. 

When a lender evaluates your credit history they are making a decision about your ability and reliability to pay back the loan.  Your credit score initiates the allowance for a loan and ultimately determines the amount of money you pay in addition to the loan.

 

The interest rate of your mortgage will be set based on your credit score.

Raising your score can lower your interest rate. The lower your interest rate the lower the total cost is over time.

 

For example: A new homeowner applied for a mortgage. Once his credit was repaired, he qualified for a rate 1% lower than originally quoted. Do not let the numbers fool you the 1% reduction lowered his overall debt by thousands! You do not want to get locked into anything before you evaluate your credit report.   A little help goes a long way, what if your rate could be reduced from 4% to 3%.  Think about what credit repair can do for you and your homeownership debt.

 

Credit Repair is a valuable tool for consumers to get better deals and opportunities. Contact us today for your free consultation! Pay for results only! Invest in yourself and your future and repair your credit.