A Better Credit Score for a Lower Interest Rate

Dated: January 3 2022

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It's a new year and perhaps you are thinking of buying a home before prices or interest rates go up even more, and you'd like to improve your credit. It makes sense, because a higher credit score can lower your interest rate which can add up to big dollars in savings. There are obvious ways to raise your score, lie paying down your credit cards or keeping your credit card balance below 30% of your available credit, but some not so obvious way, like opening a credit account if you don't have credit. And did you know that banks can lower your available credit without notifying you? That can result in your balance going over 30% of your available credit, thereby LOWERING your credit score! So it pays to check on your available credit and your credit history for errors. Here are some other tips from Realty Times

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Santiago Ogradón Cortés

I am passionate about client empowerment. I keep them as educated and informed as they are comfortable with being. I personally tend to their business, never passing them to someone else, and my TC is....

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