BlogMORTGAGE BLOG

How Carrying a Balance Affects Your Credit Score

Blog posted On April 28, 2021

You carry a credit card balance when you don’t pay your total bill on time and in full each month. Whatever’s left unpaid gets carried over to the next month’s bill. For example, if you bought a $1,000 TV and paid off $700, you carried over a balance of $300. For the most part, credit card users are encouraged to pay their bills on time and in full. So, is carrying a balance ever a good idea? 

READ MORE

5 Simple Ways to Boost Your Credit Score

Blog posted On April 21, 2021

There are certain factors that are out of your control when getting a mortgage rate. You can’t control the Federal Reserve, bond market, or any of the economic factors that influence rate trends.  However, you can control your credit score. Your credit score shows lenders how good you are at borrowing money and repaying debts. The higher the score, the better. By improving your credit score, you could qualify for a lower mortgage rate and save money over the life of your loan.

READ MORE

5 Ways to Be Smarter with Your Credit this Year

Blog posted On February 10, 2021

Late fees, overdraft fees, and fraud expenses are easily overlooked credit card costs, and though they may seem miniscule, they tend to add up. Last year, Americans spent a collective $74 billion on these ‘miniscule’ fees – or an average of $577 per household. But now that it’s a new year, it’s time for some new (and improved) credit card tactics. To get you started, here are five ways to improve your credit habits starting now. 

READ MORE

SEE MORE BLOG POSTS Down Arrow