Our goal is to provide the lowest rates and costs in the industry for refinancing and home purchases.

Credit Basics

Techniques for Better Credit Reports and Scores

Lenders analyze your credit scores to determine whether or not to approve a home mortgage, a car purchase and nearly all other types of loans.

Before lending you money, creditors want to determine how much of a risk you are—in other words, how likely you are to repay the money they loan you. Credit scores help them do that, and the higher your score, the less risk they feel you'll be.

Most increases to your credit scores take place over time and require an ongoing effort from you. The only true credit score quick-fixes are to pay down debt and to successfully dispute negative information on a credit report.

Credit scoring software looks at five areas of your credit reports:

 

  Your Payment History
  Amounts You Owe
  Length of Your Credit History
  Types of Credit Used
  Provides Your New Credit

 

The article How Your Credit Score is Calculated explains what's included in each of the five categories.

 

You can improve your credit scores by taking a close look at your credit reports and charting a plan of action to improve them.

 

Improve Your Payment History

 

  Always pay your bills on time. Late payments play a major role in driving down your score.
  If you have past-due bills now, get current and stay that way.
  Contact your creditors as soon as you know you will have a problem paying bills on time. Try to work out a payment arrangement and negotiate with them to keep at least a portion of the late notations off of your credit reports.
  If your situation is serious, see a legitimate, non profit credit counselor. Avoid the scam artists who promise a quick reversal of your credit problems.
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Keep Debt to a Minimum

 

  Keep your credit card balances low. High debt-to-credit-limit ratios drive your scores down.
  Pay off debt, don't move it around. Owing the same amounts, but having fewer open accounts, can lower your score if you max out the accounts involved.
  Don't close unused accounts, because zero balance might help your score.
  Don't open new accounts that you don't need as a quickie approach to altering your debt-to-credit-limit ratios. That can lower your score.

 

Length of Your Credit History

 

  Time is the only thing that can improve this aspect of your scores, but you can manage it wisely:
  Don't open several new accounts in a short period, especially if your credit history is less than three years. Adding accounts too rapidly sends up a red flag that you might not be able to handle your credit responsibly.

 

Manage New Credit Wisely

 

  Several credit inquiries during a short period means you are attempting to open multiple new accounts, and that lowers your credit scores.
  Credit scoring software usually recognizes when you are shopping for a single loan within a short period of time, such as a home loan. If multiple inquiries are necessary, have them pulled as closely together as possible.
  Checking your own credit report does not affect your scores.
  Do try to open a few new accounts if you've had credit problems in the past. Pay them on time and don't max out your credit limits.
Loan Rates

These rates assume a 780 credit score, $200,000 loan amount and 25% equity, please contact us for other scenarios and no closing cost options.

NMLS No. 948963 | Florida Lic No. MBR1982

Rates as of February 13, 2019, 4:45 p.m. EST

Term Rates APR Points
30 Yr Fixed 4.375% 4.505% 0
20 Yr Fixed 4.250% 4.420% 0
15 Yr Fixed 3.875% 4.095% 0
10 Yr Fixed 3.750% 4.070% 0

Closing Costs

We offer a full range of closing cost options. All loan estimates are provided with several different interest rate & closing costs combinations to ensure that the goals of our clients are met. All primary residences and second home purchase and refinances, as well as many investment properties, include a "no closing costs" option.

We do not charge direct costs such as application or processing fees, which further ensures that we offer the most competitive programs available.