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free annual credit report: How to Raise Your Credit Score - 10/22/08 08:02 AM
To borrow as cheap as possible, it helps to nudge your score from good to fabulous.  Raising your credit score from 650 to 770 can save $3,100 a year on a 30-year, $300,000 mortgage.
 
- 35%-  Your payment history Pay your bills on time. Automated online payments can help.
-  30% - How much you owe Keep balances on credit cards and other revolving accounts below 50% of your credit limit (lower is better).
- 15% Length of your credit history Rather than let old cards go dormant, charge a latte a month (then pay it off).  No activity lowers … (0 comments)

free annual credit report: Holiday Shopping Can Cost You When Buying A Home - 01/14/08 06:12 AM
How could holiday shopping cost you when you're in the market for a new home?
Running up your credit card balances can cause your credit scores to drop dramatically. Maxing out a credit card is even worse and could cause your credit score to dip below 680. If your score does, your mortgage will cost more -- if you are even still able to obtain a mortgage. Keeping your credit card balances low helps to keep your credit score high.
Fannie Mae and Freddie Mac have begun risk-based pricing on mortgages (see my earlier post http://activerain.com/blogsview/337797/Fannie-Mae-Freddie-Mac). The higher the risk on the … (0 comments)

 
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Steve Dean

Washington, DC

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RE/MAX Allegiance 202-338-8900

Address: 220 7th Street SE, Washington, DC, 20003

Office Phone: (202) 525-6499

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