Amherst, New York
2150 Wehrle Drive, Suite 200
Amherst, NY 14221
716-633-0501

Boost Your Credit Score Can Help Get Better Mortgage Rates April 13, 2016

Amherst, Erie
Boost Your Credit Score Can Help Get Better Mortgage Rates, Amherst, New York

A strong credit score is one of the most important factors lenders consider when you are applying for a mortgage. If your credit score is less than stellar, you might have difficulty obtaining a loan with reasonable mortgage rates.

The loan consultants at Premium Mortgage Corporation in New York and Vermont explain how you can quickly make significant improvements in your credit score to get a better mortgage rate:

  • Dispute Errors In Your Credit Report: You can dispute errors that could affect your credit score through three different credit bureaus: EquifaxExperian, and TransUnion.
  • Mortgage RatePay Your Bills On Time: Your payment history makes up over a third of your FICO credit score. Make sure you pay your bills on or before their due date to avoid hurting your credit score even more.
  • Leave (Good) Old Debt On Your Report:Don’t remove an account from your credit report just because it’s paid off. Good debt -- debt that you've handled well and paid as agreed -- is good for your credit. The longer your history of good debt is, the better it is for your score. 
  • Become An Authorized User: Learn how to use credit responsibly by becoming an authorized user on a friend or relative’s credit card. Becoming an authorized user adds payment history to your own credit file, helping your credit score.

The expert loan consultants at Premium Mortgage Corporation will help guide you through raising your credit score to buy a home or refinance your mortgage. Visit their website to learn more information about their mortgage programs, or give them a call at (877) 690-7240 to speak with a Loan Officer about mortgage rates. Premium Mortgage Corporation has locations in Buffalo, Rochester, and Syracuse, New York, and Barre, Vermont for your convenience.

Corporate Headquarters:
2541 Monroe Avenue, Rochester, NY, 14618
NMLS #3254
Equal Housing Lender
Licensed Mortgage Banker NYSDFS

Other Announcements, Events and Deals from Premium Mortgage Corporation
Mortgage Loan Experts Explain Important Aspects You Should Know About Home Sale Contingencies, Amherst, New York
Home sale contingencies play a role in many real estate transactions. A buyer may include a contingency clause in their offer to purchase a property if they also have a home on the m...read more
NY Mortgage Banker Explains the Pros & Cons of House Hunting in Fall & Winter, Amherst, New York
When it comes to house hunting, looking for properties in the fall and winter months can have benefits as well as drawbacks. In this case, the respected mortgage bankers at Prem...read more
What Is Escrow? Home Loan Providers Explain, Amherst, New York
When their home loan providers mention escrow, many home buyers panic: It’s a term they’ve heard but don’t quite understand. The professionals at Premium Mortgage Corporation, w...read more
Rochester Mortgage Loan Experts Share 3 Reasons Why You Should List Your Home in the Fall, Amherst, New York
Selling your home is always a stressful time. While many homeowners see success selling their house in the spring, waiting for the right season is not always an option. Though s...read more
Mortgage Broker Explains the Benefits of Covering the Warranty on Your Former Home, Amherst, New York
If you are selling your home, you may want to offer to pay for the first year’s home warranty. This gesture has become a common practice in recent years, and with good reas...read more