Tag Archives: credit score

Lower Credit Score = Better Deal

Housing prices are softer, but you can get yourself an even better deal when it comes to a loan program if your credit score is the best it can be.

Boosting your credit score from, say, 660 to just 740 can actually lower your mortgage rate by a quarter of a point. To improve your credit score, the key is to focus on paying down debt, which will bring your crucial debt-to-credit ratio down.

This is a great time to do your financial planning for 2009. If you’re considering a purchase in the next year, it’s an excellent idea to get your credit score in shape as your first priority.

Contact Eileen for Real Estate Help

Eileen Bermingham

Corcoran Global Living



DRE# 01352627

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