CREDIT REPAIR FOR MORTGAGE REFINANCING IN BC CANADA
Credit Repair learn techniques you can use to improve your credit score. It is my goal as a mortgage broker and it should be yours as well, to repair your bad credit. I will assess your current credit situation, and discuss with you some techniques that will assist you in your credit repair. I will show you some techniques to establish good credit lines before qualifying you for first, second or third private mortgage i.e. (Bad Credit Mortgage). This will be very important for you to do since credit repair is imperative in getting you approved for bank Mortgage Rates.
The two main components of your credit score are:
- Your payment history
- The amounts you owe
Bankruptcy filings, Foreclosure or Consumer Proposals, which can stay on your credit report for many years can significantly lower your credit score and contribute to a bad credit rating. It’s never a good idea to take on more credit than you can handle. Call to find out more about what Debt Consolidation Mortgage rates you may qualify for.
LATE PAYMENTS WORK AGAINST YOU
It’s extremely important to pay bills on time, even if it’s only your minimum monthly payment. If you find you can’t manage, and are constantly late on payments a debt consolidation mortgage sometimes called a second mortgage may allow you to refinance and obtain greater cash flow and reduce the risk of developing bad credit. Employing these techniques will go along way to your credit repair.
DON’T “MAX OUT” YOUR CREDIT LINES!
Since the size of the balance on your open account(s) is a factor, lower balances are better. Consolidation of outstanding bills into a second mortgage or debt consolidation mortgage to lower your payment, so missed payments will not occur may be an option and assist in credit repair. Call to get second mortgage rates.
It’s said that by carefully managing your credit, it’s possible to add as much as 50 points per year to your score.
These techniques will help you go from a higher second mortgage rate, or third mortgage rate, to establishing yourself to be bank quality in as little as one year.
Toll free 1-877-744-3436
Available 9 AM To 9 PM
7 Days a Week.
For more information on mortgage rates
Please take the time to read tips on how to improve your credit