How to Maximize Your Credit Rating

How to Maximize Your Credit Rating

If you are planning to apply for a mortgage anytime soon, there are a few simple steps you can take to maximize your credit rating. Lower balances on Your Credit Cards Assuming that you have the cash, reduce the balances on each of your credit cards to less than 35% of the total limit on the account. If you do not have additional funds lying around, you can attempt to spread out your balances across multiple cards. For example, if ...
Understanding Mortgage Rates

Understanding Mortgage Rates

Today’s Rate is Always Fluctuating One of the most common questions we get from potential clients is “What is your rate today?” The true answer is that there is not just one interest rate available for any given day. At any time, our rate sheet may fluctuate from 2.0% all the way to 6.5%. General Profit Targets Vary Between Lenders How is this kind of fluctuation possible? For starters, it is important to understand that every lender operates with a ...

The information provided herein has been prepared by a third party company and has been distributed for education purposes only. The positions, strategies or opinions of the author do not necessarily represent the positions, strategies or opinions of Guild Mortgage Company or its affiliates. Each loan is subject to underwriter final approval. All information, loan programs, interest rates, terms and conditions are subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

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