![]() Some examples of the published tips include: keeping existing credit cards open, not maxing out or consolidating credit card accounts, not transferring transfer credit card balances, not changing change jobs right before applying for a mortgage, paying bills on time, paying down debt, and shopping around for the best possible mortgage terms from multiple lenders.Īccording to The Home Loan Arranger, there are several other methods not listed in the RealtyTimes article that can be used to try and quickly raise a person's credit score. The article lists several dos and don'ts for individuals attempting to quickly raise their credit score. The article focuses on the fact that now is a great time to refinance or apply for a purchase loan - but mortgage lenders focus on FICO scores, so it's important for potential borrowers to improve their scores as quickly as possible before attempting to refinance or apply for a new loan. On August 5, 2014, RealtyTimes, a website dedicated to providing real estate news and advice published an article entitled How to Improve Your FICO Scores Quickly. Ruedy offers advice on how to raise a credit score prior to applying for a refinance or new mortgage. However, the lowest available mortgage interest rates are usually given to individuals with the highest credit scores. Ruedy believes that now is the best possible time to either refinance or apply for a new mortgage. With interest rates still sitting at record low levels, Mr. Ruedy, also known as The Home Loan Arranger, is on a mission to help as many people as possible refinance their current mortgage or obtain a purchase loan before mortgage interest rates rise. Denver, Colorado (PRWEB) Septem- Denver Mortgage Banker Jason M.
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