Monday, December 20, 2010

5 Tips on Getting Those Mortgages Approved

How good is your credit? Get copies of all of your credit reports from the 3 major consumer reporting companies and check each one for errors.

Many times they have errors that can be corrected in just a few weeks and that helps boost your score. If you have credit cards, pay them off as well as any other outstanding bills.

A nice large down payment will always improve your chances of being approved for a remortgage. If your credit isn’t completely top notch, the bigger the down payment, the more likely you will get improved.