Maintaining low credit card balances can improve your credit score, and help you get better interest rates when you borrow money. You may pay your mortgage, car loan, or student loan on time, but a high credit card balance will hurt your score. For example, let’s say your credit limit on your credit card is $1,000. Pick an amount such as $300 to be your “limit,” and only charge up to $300 each billing period and then pay it off. Over time, the credit bureaus will see you can manage credit which will likely be reflected in your credit score. ...
Category: Credit Score
HOW TO GET A LOWER MORTGAGE PAYMENT
With higher mortgage rates, many people are sitting on the sidelines and choosing not to purchase a home as the payment is high. Here are some suggestions to get a lower payment. If the seller has a VA or FHA loan, you may be able to assume their mortgage, and their low interest rate. So, if the seller has a 4% rate, or a 3% rate, you may be able to take over that mortgage. If you are looking to purchase a home and assume the seller’s mortgage, contact us and we can help you. You can buydown the rate....
July 5, 2024July 5, 2024john
PREVENTING IDENTITY THEFT – FREEZING YOUR CREDIT
One way to prevent identity theft is to freeze your credit. If your credit is frozen, you have to manually unfreeze it prior to having it checked. Thus, if someone steals your identification, they cannot purchase anything in your name that requires a check on your credit. You can freeze your credit for free. To freeze your credit, go to the following links: Equifax – https://www.equifax.com/personal/credit-report-services/credit-freeze/ Experian – www.experian.com/freeze TransUnion – https://freeze.transunion.com If you need help freezing your credit, or have any questions, give us a call
September 14, 2023September 14, 2023john
USE CAUTION WHEN SHOPPING ONLINE
Many consumers make purchases online more than ever. Proceed with caution. It is easy to click on the wrong prompt and be misled to a site not related to your desired purchase. Always verify you are on the merchants official site. Be careful when answering unexpected text messages and emails too. In some cases, you may inadvertently damage your credit by clicking a misleading link. Are you planning to finance a home or refinance your current home loan? Contact us at Counsel Mortgage Group, we’re here to help. We offer a variety of products and services, ask us how...
February 9, 2022February 10, 2022john