December 29th, 2010 1:32 PM by Jodie Ford
As you prepare to apply for a home mortgage in the Charleston AFB area, understand that it is significantly better to have your best possible credit profile BEFORE applying. Working to improve your score during the mortgage process can be done, but keep in mind - “Sooner, rather than later” should be the mantra of credit score improvements. Here are some ways to help Charleston Military families:
Credit Card Recommendations for Charleston Military families
§ Look on the credit report for revolving debt, generally the balance should be no more than 30% of the credit limit. If it’s more than that, have you should make every attempt to pay it down.
§ If there is nothing derogatory on the credit report, just high balances on revolving debt, you can often improve the score significantly.
Collections/Judgments Recommendations for Charleston Military families
§ Paying off a derogatory account does not normally improve the score because the derogatory account still exists, and so still hurts the score.
§ If you have not yet paid the collection, you can bargain with the creditor and ask for the account to be removed once you pay in full.
§ You can sometimes gain points by paying charge-off accounts.
Late Date Recommendations for Charleston Military families
§ If you have just one recent late date, you should call those creditors and ask for those single late dates to be removed as a courtesy.
Other things to help Charleston Military families
§ Regularly check your credit report to catch errors early.
Credit Score Optimization is one of the central reasons why you should engage the expertise of a good loan officer in the Charleston AFB area right NOW.
Torri Jacobsen, Military Homes of Charleston – Charleston Air Force Base/Joint Base Charleston, SC Real Estate For Sale
Buying or selling a home doesn’t have to be hard, but choosing the right Realtor DOES make a difference. I specialize in making first-time home buying a great experience for military families moving to the Charleston, SC area. Call or email today, and let’s make this your best move yet! You’ll feel right at home with me.
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