Real Estate Tidbits August 19, 2021

7 Tips to Increase Your Credit Score!


🤔 Why should you care about your credit score?

The higher your credit score, the better your odds of getting a loan and the lower the interest rate on that loan! 😃

Even a few points upward in your credit score can make a significant difference! 🎯

But why does a lower interest rate matter? If you take out a loan for example for $800,000 to purchase a home, the difference 0.75% can make on your interest rate represents a savings of approximately $115,000 over 30 years that you save in interest 📈 💰💰 And that’s all achievable just by having a higher credit score and therefore, a better interest rate.

🎥 Don’t miss these 7 tips on how to increase your credit score because it’s never too early or too late to start.

Questions? Reach out anytime 😊

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Caroline Abkar, REALTOR®, B.S.Eng.
Your Trusted Realtor and Advisor For Life.
Windermere Homes & Estates
DRE# 01998434
(619) 808-4804