HELPFUL CREDIT INFORMATION FOR OBTAINING A MORTGAGE:
Here are the top reasons to consider refinancing:
- Must have 3 trade lines paid on time within the past 12 months.
- No late payments or collection accounts allowed in last 12 months.
- Do NOT dispute any accounts on your credit report.
- Tax liens must be paid and satisfied (if applicable).
- Child support must be paid (if applicable)
- If balance owed on any credit card is close to the high limit, pay the balance down to 30% of the high credit limit to increase your credit score
- Principal, interest, taxes, and insurance (PITI) for new loan + all debt on credit report must not be greater than 43% of your gross monthly income