Mortgage Blog

Our credit report company has a new service that is seriously awesome.  It allows us to put in what credit score we would like to achieve and tells us how to get there.  Usually it tells us how much money (cash) would need to be invested by paying off certain debt to a certain amount and then tells us how many points that should raise the score.  Once the debt is paid off, we have them do a "re-score".  After that, the scores are higher and the borrower then qualifies for a loan that they couldn't qualify for before.  It usually costs between $45-$100 for that all to take place, but I eat the cost as long as the loan closes.

Have a good week and a happy and safe 4th of July....

Colby

www.colbyzeka.com