How can I improve my credit score to qualify for a home loan? By Cliffco Mortgage, Long Island NY

Home Loans, Cliffco Mortgage, Long Island - Phone: 516-408-7300

Improving your credit score with a view to getting approved for a mortgage loan requires certain steps that depend on the credit profile of the person. There is not one standard answer to this question for all type of credit profiles. In this video, Cliffco Mortgage Bankers covers the question with a broad brush, giving you key factors that will always work, whatever your credit situation is.

Every credit profile is different. When thinking about sustaining higher credit scores, we (as debtors) have to make sure all of our payments are on time and never late; we must keep our credit active and not close accounts.

If there are negative aspects to our credit profile already, things we can do to improve our credit score are: balance payoffs, deletions of derogatory inquiries; and sometimes, being added as an authorized user on tradelines for people who have good credit scores.

Additional comment:

There are multiple aspects which determine the creditworthiness of a person for a mortgage loan. It is relatively rare that all aspects of a credit profile are picture perfect. Our loan officers are here to advise you as to the best strategy to prepare your application for a mortgage loan. This is a personal conversation, and when you work with Cliffco Mortgage Bankers, you work one-on-one with a loan officer -- not some anonymous person shielded behind a 1-800 number who will never have any relationship with you like in big banks. Cliffco Mortgage bankers is a fully delegated mortgage banking institution. That means we originate and fund 100% of our loans. We will never pass your loan off to a third party (contrary to most big banks), and all credit decisions and underwriting are done in-house by our highly-educated loan professionals.

Contact Cliffco Mortgage Bankers to prepare your mortgage loan application the right way for success: 516-408-7300

Cliffco Mortgage Bankers is fully licensed in New York, New Jersey, Pennsylvania, Connecticut, Florida, and Texas. Our home office is in Uniondale, Long Island, NY. We cover all towns and hamlets of Long Island, as well other neighborhoods in NYC.

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