{"id":806,"date":"2013-03-17T19:00:05","date_gmt":"2013-03-17T19:00:05","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=806"},"modified":"2013-09-06T21:06:50","modified_gmt":"2013-09-06T21:06:50","slug":"increase-your-credit-score-when-applying-for-a-mortgage","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/increase-your-credit-score-when-applying-for-a-mortgage\/","title":{"rendered":"INCREASE YOUR CREDIT SCORE WHEN APPLYING FOR A MORTGAGE"},"content":{"rendered":"

\"tips<\/a><\/p>\n

Mortgages have been a hot topic of conversation lately as rates continue to track lower and lower.\u00a0 People continue to refinance their homes at unprecedented rates and new home sales are also starting to pick up.\u00a0 People do not want to miss the golden opportunity which comes along with historically low rates.\u00a0 The only problem that many have ran into \u00a0in the last few years are mortgage are tougher to get then have been in the past.\u00a0 Mortgage lenders have require more down payment longer job times, and importantly better credit scores.<\/p>\n

ALSO READ:\u00a0Buying a Home with Bad Credit<\/a><\/p>\n

How do credit reports work?<\/b><\/h1>\n

Credit reports keep track of a person\u2019s credit history.\u00a0 All of your current car loans, credit and charge accounts, and home loans report to the three credit repositories which then are able to put these histories into a report.\u00a0 This report shows your payment history even if you are late on your payments.\u00a0 These reports will report that you are not as long as pay your payment within 30 days of the due date.\u00a0 Your credit report will also show if you have had accounts turn into collection companies as the result of non-payment, car repossessions, foreclosures, and bankruptcies.\u00a0 Typically this information stays on your credit report for at least 7 years.\u00a0 After that, the old credit accounts start falling off your credit report.<\/p>\n

Having a Good Credit Score is Important<\/b><\/h1>\n

So in closing, make sure that you are responsible with your payment.\u00a0 Make sure that you are prompt with your payments and do not overstretch yourself financially so you can always pay your payments on time.\u00a0 If you don\u2019t you could end up spending thousands of dollars extra over the life of your home mortgage.\u00a0 Call the experts at Riverbank Finance Finance today 800-555-2098.<\/p>\n\n

\n

<\/p>

    <\/ul><\/div>\n
    \n
    \n<\/fieldset>\n
    \n\t

    Request Information Now!\n\t<\/p>\n<\/div>\n

    \n\t

    <\/span>\n\t<\/p>\n\t

    <\/span>\n\t<\/p>\n\t

    <\/span>\n\t<\/p>\n\t