How to Improve Your Credit Score 

Credit standing is perhaps the most important factor in determining your financial future to purchase or refinance a piece of real estate property, whether it’s a single family home or a commercial parcel of property. It not only affects your ability to get credit, it often dictates the interest rate at which you can borrow.  It can also affect your ability to purchase insurance or find employment. Both insurance companies and prospective employers use your credit rating to gauge your sense of responsibility.  

Real Estate Plus Mortgage recommends reviewing your credit report and allowing our professional mortgage staff assist you in “raising the bar” in order to put you in a position to fulfill your dreams of real estate ownership. Your credit score is calculated on a “scorecard” -- a mathematical equation that evaluates many types of information from your credit report. The score gives lenders an unbiased assessment of the risk they would take by offering you credit. Factors are assigned a weight based on how strong a predictor they are of who would be a good credit risk.   

Your credit score may change every time new information is added to your credit report, which can be good or bad. 

With cutting edge technology, we can tell you which actions increase your credit score and which actions work against you. Credit scores range from 300 minimum to 850 maximum. Approximately 4 descriptions explaining your score are included in your credit report, however credit characteristics are generally summarized into the following six categories:

1.        Maintaining credit----Do you pay on time?

2.        Total balance-----How much money do you currently owe?

3.        Credit experience-----How long have accounts been open & how well have you have managed them?

4.        Credit mix---------What type of credit do you use?

5.        Utilization of credit------Do you use up to 30% of your available credit?

6.        Credit applications -----How often, and recently have you applied for credit.  

Our company does not have a cookie-cutter mentality, we deal with our clients on an individual basis.  We know that every situation is different and there is a loan program for almost every situation.  Our job is to put you in touch with the resources that are available to you in your search for a purchase or refinance loan. 

There is an old saying, “It not what you know, it’s who you know”.  With over 20 years in the business, we know just about everyone.  Let us make the introductions for you and guide you through the loan process.  There is a loan out there for you and we can help you find it! 

No Minimum Loan Amount – Flexible Underwriting Guidelines for Bankruptcy &

Repossession – No Reserves Required – No Mortgage Insurance Required

Down Payment Assistance – First Time Buyer Programs 

THERE IS A LOAN FOR YOU!!!