Fine Homes in Nine Oh Five
  Re/Max Realty Specialists Inc., Brokerage
Independently Owned and Operated
   
 
betty@bettybart.com
905 828-3434
 
 
 
 
Mortgage Info
 
Raise Your Credit Score

 

 To borrow as cheaply as possible, it helps to nudge your score from good to fabulous. Hoisting your number from 650 to 770 can save $3,100 a year on a 30-year, $300,000 mortgage.

Here's how your score is sliced and diced - and how to kick it up a notch. Remember: The bigger the slice, the more it affects your score.

  • 35% Your payment history Pay your bills on time . Automating payments online can help.
  • 30% How much you owe Keep balances on credit cards and other revolving accounts below 50% of your credit limit (lower is better).
  • 15% Length of your credit history Rather than let old cards go dormant, charge a latte a month (then pay it off). No activity lowers your score
  • 10% Your new credit Don't open unnecessary new accounts. And if you're rate shopping for a mortgage or an auto loan, do it within two weeks ; multiple requests could ding your score.
  • 10% Your mix of loans You can't do much to change this (except get a credit card if you don't have one ).

The above information was provided by Kristian Harris of Monster Mortgage at 416.818.1645 or kristian@monstermortgage.ca

 

 

 

For further information and advice, fill in the sign-up form below and a mortgage specialist will contact you to discuss in detail.  Your contact information must be correct for us to proceed.

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  © BETTY BARTUSEVICIUS of Re/Max Realty Specialists Inc., Brokerage
Independently Owned and Operated
 
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