Category: Buy a House, First Time Home Buyers, Housing Market, Mortgages, Real Estate, Real Estate Agent, Seniors Real Estate.
Tags: Buy a Home, Buy a House, Buy a house using an ABR Realtor, First Time Home Buyers, Good time to buy a house, Increase your credit score, Seniors Real Esate
UTAH BUYERS RAISE YOUR FICO CREDIT SCORE IN AS LITTLE AS 8 DAYS!
I LOVE TO SEE MY CLIENTS ACQUIRE THE HOME OR NEW HOME AND MORTGAGE OF THEIR DREAMS, but sometimes, they have to settle for what they can qualify for due to credit issues.
Your FICO score plays a huge part in the rate, terms, and amount you qualify for. By raising your FICO, you have a better chance of achieving your goals. There is a program called “OPT OUT”.
Credit agencies reduce your FICO scores as long as you are open to receive offers of credit automatically. When you notify them that you are not interested in receiving these kinds of automatic offers, it shows them you are on top of your finances and aware of what you can and cannot afford. It also tells them you don’t intend on over-extending yourself with the credit you already have. This doesn’t stop you from being able to shop for the appropriate credit when you need it. This action also stops the junk mail from creditors from being sent to you- another huge benefit!
To raise your FICO score, go to www.optoutprescreen.com and follow these simple steps:
1) Scroll to the bottom of the page and click on the blue bar that says ‘Opt-in or Opt-out’.
2) Select ‘Permanent Opt-Out by mail, and then submit.
3) Fill out the appropriate information and click ‘confirm’.
4) Print out the request by clicking on the ‘click here to print’ words in red.
5) Review the information and sign the bottom of the page and mail it into the address on the confirmation form.
It takes approximately 3-5 days for the credit agencies to be notified, and it may take 3-6 months for you to stop receiving offers by mail (It takes some time to get you off the mailing lists). You should see an increase in your FICO score by 5-55 points in as little as 8 days.
I hope you find this information helpful. Please think of me and phone me if you or your loved ones need help with Real Estate and Mortgages any time in the near future!