How a good credit score can pay off!
A good credit score is your ticket to financial freedom.
This is a very special follow up with Eric and Yanci. They have been following me on YouTube for a long time and now they’ve actually purchased a house.
I very excited to follow up on this success story, like a lot of people, Eric and Yanci were not sure whether they could afford a house. They were also concerned about their credit and if was good enough or not for a mortgage. After some instructions, their credit score improved to the point that they were able to get a very good mortgage rate. They were unsure in their last interview and now they have purchased a house. Watch the video for follow up interview.
The one finial credit tip I left them with was to make bi-monthly mortgage payments with your lender. Consumers will pay the same amount monthly, but you will just make 1/2 the payment every two weeks and believe it or not consumers can take three to for years or more off a thirty year mortgage. I recommend that for everyone who has a mortgage. The goal should always be to become debt free. Consumers should use credit like it is a tool to get the very best rate on anything they need.
I also wanted to share with you my guest post on the At Any Rate blog this week about why your credit score is different when your mortgage lender pulls your credit.
If you want to see more videos about credit and credit scoring check these out at www.thecreditguy.tv. If you are a mortgage lender please share this on your Facebook or LinkedIn page. If you have any questions, leave them down below I’d be happy to answer them.