IS YOUR CREDIT AS GOOD AS IT SHOULD BE?

The difference of a few points in your credit score can impact whether or not you get approved for a mortgage or the interest rate you will receive with your mortgage loan. A small difference can mean THOUSANDS over the life of the loan. What can you do to improve, build or maintain your credit?

• Have utilities (cable, electric, phone) in your name and make sure they are paid on time
• Have checking and savings accounts in good standing
• If you are not disciplined DO NOT GET CREDIT CARDS
• Only open credit accounts that you truly need
• Do not max out accounts
• Do not close your old credit accounts.
• Keeping them active shows a credit history like the above accounts in good standing
• PAY ALL OF YOUR BILLS ON TIME

With the banking industry tightening up their requirements for mortgages, the higher your credit score the better. The number one way to make your credit score the best it can be - PAY ALL YOUR BILLS ON TIME AND DON'T EVER BE LATE!

CHECK YOUR CREDIT REPORT FREE EVERY YEAR FROM THE MAJOR CREDIT REPORTING AGENCIES:

• Experian: 888-397-3742 www.experian.com
• Equifax: 800-685-1111 www.equifax.com
• TransUnion: 800-916-8800 www.transunion.com

If you are thinking of buying or selling in the Sullivan or Orange County area we would be happy to assist you! Please contact me or visit our website for more information.

SEARCH HOMES IN ORANGE COUNTY, NY

GRI, ABR, CHMS, RECS, REM

Minisink Valley Homes Office 845-355-8439

debbiewalsh@minisinkvalleyhomes.com

http://debbieminisinkvalleyhomes.org.mlxchange.com