3 credit Eureka

Bookmark Us Promote Us Contact Us Image (Captcha) types FAQ 3 credit Eureka How to Buy a House How to Buy a House home Learn the basics 1.The Basics 2.How much home can you afford? 3.The Down Payment 4.The Loan -Assuming a Loan -Owner Financing 5.Qualifying 3 credit Eureka for a loan 6.Understand Closing Costs Do the groundwork 7.Get your finances in order 8.Check Your Credit Report -Repair bad credit -Establish Credit if you 3 credit Eureka don't have any The Process 10.Find a Lender 11.Evaluate the bank's offer 12.Start looking at houses 13.Get the Disclosure 14.Make an offer / Sign a Contract 15.Have the House Inspected 16.Problems on the Inspection? 17.Renegotiate the terms 18.Appraisal & Insurance 19.Closing! After the 3 credit Eureka purchase Avoding scams More about Mortgages How much loan can you get? 30-year loans Prepaying your mortgage How to figure mortgage interest Private Mortgage Insurance Paying Points If you won't live long 3 credit Eureka enough to pay off the mortgage Other Topics Renting vs. credit check free online Homebuyer Tax Credit Buying is an investment Appreciation Paying cash vs. getting a loan The Debt Ratio Tax breaks are actually welfare for the rich Other Links to helpful sites Fan Mail Michael Bluejay's home page Email Me « Back: Credit Reports & Credit Scores « » Next: Establishing credit, or Find a lender » This page will tell 3 credit Eureka you everything you need to know about improving your credit score. If you haven't already read my introduction to Credit Reports & Credit Scores, I strongly suggest you read that first. Myth: Checking my credit score or getting my credit report hurts my credit score. Inquiries about your report for the purpose of establishing new credit can decrease your score a little bit, but inquiries to just get your score or a copy of your report never hurt your score. credit history free And even though inquiries for the purpose of establishing new credit reduce your score, they don't reduce 3 credit Eureka it by very much. Myth: Closing credit card or merchant accounts will help my credit score. FACT: Closing accounts generally won't raise your score. People have heard, 3 credit Eureka quite correctly, that sometimes having too many open accounts can hurt your score. That's true, but once you already have the open accounts it's too late.

If you close accounts now then your ratio of outstanding debt to credit available will rise, which will probably negatively impact your score.

Now, if your lender asks you to close an account or two as a condition of getting the loan, then go ahead and do so. You're not doing so to raise your score, because it doesn't, you're doing so because your lender says that what it takes for you to get the loan. The reason they might do this is because they're afraid if you max 3 credit Eureka out all your various cards you'll be spread too thin and won't be able to pay back the mortgage. free credit scores and reports So they may want you to close an account or two to reduce your ability to rack up more debt.

But you should close accounts only if your lender says you need to do so in order to get the loan. If a mortgage broker suggests you do so, ignore them.