CREDIT SCORE!

What Credit Score do your clients need ?

720-800 Superb!

700-719 Wonderful. You should get top rates.

680-699 Good. Good rates and good terms.

660-679 All right. Pay a little higher costs and rates.

640-659 Okay score if you have a good income.

620-639 Weak. You need a good income and good downpayment.

600-619 Poor. Use creative loan broker and pay more loan costs.

580-599 Almost impossible without large downpayment.

Under 580 Work of fixing credit without delay

Tips to Raise Credit Scores

1. Reduce your credit card balances.
2. Pay off small loans (car, student loans, etc) before making application for a house loan.
3. Pay all your credit cards and loans on time each month.
4. Avoid unnecessary inquiries for new credit.
5. Remove expired negative records (collections, bankruptcy) from credit reports by submitting all information pertaining to your credit in a letter.
6. Identify &remove negative fraudulent records from your credit reports. 
7. Most updates take 30-60 days to appear on your credit reports. Watch your credit reports with a monitoring service to track improvements and check your credit scores often.