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Tag: should I increase my credit limits?

Credit Mistakes to Avoid Prior to Closing

Everyone hears the credit advice flying in the mortgage process.  Examples may include “You need to pay off all your debts!”.  “Close your unnecessary credit cards!”.  Too often we see clients do things like these that hurt their purchase or refinance closing.  These costly mistakes stem from two primary areas.  First, borrowers just get bad advice from […]
Will Credit Limit Increases on My Credit Card Hurt my Score?

The relationship of credit limits and the balances on your lines of credit account for almost 1/3 of your credit scores.  So let’s show you why an increase credit limit helps. Increase Credit Limit May Help Credit Scores! Many are scared to death of the consequences from an increase credit limit.  But most of the time the […]

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Russell Smith | Branch Manager, NMLS ID# 78989 | Licensed in NC, SC, VA

ALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org) | 308 Market St SE, Roanoke, VA 24011

The views and opinions stated on this site or links to other sites are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines.
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