IN THIS ISSUE |
Your next 30 days for points
Home values vs Rent prices
Quiz: A credit scoring acronym
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Read Time: 5 Minutes
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30 Days To A Higher Credit Score |
February 26, 2024
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Hello Home Buyer.
In my last newsletter, I shared a sneak peak of our 6-part email welcome series for new subscribers.
You won't get those emails because you're already a subscriber, so I'd like to share another helpful snippet from the sequence. This one talks about credit scoring.
The premise is that, if you're not already under contract, there are 5 proven ways to lift your credit score in 30 days. You could collect as many as 100 points extra points.
For many people, 100 credit score points is the difference between buying the home of your dreams and simply "buying a home."
Here is an excerpt from "The Credit Score" email:
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Imperfect credit doesn’t mean you can’t buy a home. But there are two things a higher credit score does for you:
One, you can make a smaller down payment.
Two, your interest rate is lower.
That’s why pre-approval is so important. When you get an Immediate Mortgage Approval by Homebuyer.com, you’ll know:
👉 Your credit score
👉 The lowest down payment you’re cleared to make
👉 What mortgage rate you’ll get
👉 The upper limit of how much home you can buy
If the pre-approval says your credit score is low or your interest rate is high, you’ve got time to make improvements.
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I've seen too many first-time buyers ignore their credit score until it's too late to make an improvement. I don't want you suffering a similar fate - not while you have 30 days or more at your disposal.
I also made a video that goes with the email. It's up on our YouTube channel. If you're not already subscribed to the channel, subscribe here and you'll have access to daily
mortgage rate videos.
Happy Homebuying!
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Dan Green NMLS #423065 See today's mortgage rates here
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KNOW YOUR NUMBERS |
54% OF CREDIT LIMITS |
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According to Experian, home buyers with a 660 credit score average use an average 54% of their available credit lines, or $0.54 for every $1 available.
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See Today's Mortgage Rates |
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MORTGAGE SMART IN 60 SECONDS |
Do Home Values
Rise Faster Than Rent?
We looked at 30 years of housing data and found that rents go up most years, but home values go up more.
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Every business day, we make a 60-second video for our customers, highlighting the latest and
most important stories in mortgage and real estate.
Subscribe to our YouTube channel for this and more.
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🤨 QUIZ TIME
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What does the credit scoring acronym FICO stand for?
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A. Fair Isaac Corporation
B. Full-Time Income & Credit Opportunity
C. Fair Income & Credit Organization
D. Full Interrogation of Credit Openings
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Which answer do you think is correct?
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🙌 HOW ARE WE DOING SO FAR?
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I write these emails for you (yes you!). Please tell me how I'm doing so far. Your feedback is
welcomed.
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