Check Your Credit!

Check Your Credit!

Max’s (Our Mortgage Expert) Tip: Check your credit rating: ignorance is not bliss – it can hurt you big time! Time for a credit check! If you have no idea what range your credit scores are, there’s no time like the present to find out. You can pull your...
Use Your Credit Occasionally

Use Your Credit Occasionally

Max’s (Our Mortgage Expert) Tip: You need to use credit occasionally. I did a pre-approval for someone who makes a lot of money. However, the rate he qualifies for at par is higher than the going average and if his credit score was 8 points lower, we couldn’t do...
Higher Down Payment Equals Lower Rate

Higher Down Payment Equals Lower Rate

Max’s (Our Mortgage Expert) Tip: To get a good mortgage rate, you will want to make a higher down payment. The larger the down payment, the less risky the loan is for the mortgage lender. As they believe you are a low risk lender, they will sometimes give you a lower...
The Higher Your Credit Score, The Better

The Higher Your Credit Score, The Better

Max’s (Our Mortgage Expert) Tip: The higher your credit score, the lower your interest rate on the mortgage. Check your credit report a year or so before buying a home. That gives you time to correct errors in the report and change ways you use credit to improve your...
Look For A Mortgage Professional

Look For A Mortgage Professional

Max’s (Our Mortgage Expert) Tip: Look for a mortgage professional before you search for a house. You need to make sure your credit is in order because mistakes can take months to correct. You also want to know exactly what you can afford.