Mortgage Knowledge

Don’t make these mistakes if you want to buy a home !

Credit Score calculation graph

Don’t make these mistakes if you want to buy a home!

There are many things that can possibly go wrong on your road to homeownership, but a little education can help you avoid some big mistakes.

Watch this quick 30 second video for your first lesson

As the video showed, CLOSING credit cards can be harmful to your credit scores.

It would make sense that someone would think that reducing the number of open accounts would be seen as a good thing, but in fact, it’s the opposite.

Credit scores are affected by a number of factors.  The age of your credit AND the amount of available credit will have effect on your credit score.

Want to know more about how your credit score is calculated?

Watch this video for an explanation of what things affect your credit score.

 Please don’t hesitate to contact me if you want explore the home buying process or if you would like a FREE consultation.

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