San Diego, CA (PRWEB) September 10, 2013
LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. In order to help their readers enjoy the best possible interest rates for their loans, the website recently posted a new guide that gives some fast credit repair tips for home loan borrowers.
The new guide says: “Contrary to popular belief, credit repair does NOT have to take months or even years to produce results. With a little know-how, fast credit repair is definitely possible.” It goes on to explain, “Poor credit means you can pay tens or hundreds of thousands of dollars in extra interest over the life of a home loan and you can also pay more for car loans, credit cards and insurance. Bad credit can even have an impact on your ability to get a job.”
“You probably also know that keeping your credit as healthy as can be is a lifetime commitment. And it follows, then, that credit repair can take a long, long time, right? Not always. Your credit score is influenced by a lot of factors, and while one of the main factors – the length of time you’ve had credit accounts – can only be improved with time, there are other factors that can respond pretty quickly to good behavior and improved spending habits.” The article says. It then goes on to explain a few of the areas home loan borrowers can focus on for fast credit repair.
It explains that borrowers can raise their credit score quickly by maintaining a low account balance on all accounts, not canceling old lines of credit, not opening any new lines of credit (for the time being), and making on-time payments as much as possible, even if it is just for the few months before applying for a loan. The article goes into much deeper detail as to how these things actually help to make the borrower applying for the loan look better to lenders, which will in turn help them to qualify for lower mortgage interest rates.
The article goes on to explain that while it is true that the best way to heal less-than-perfect credit is to maintain good credit habits over a long period of time, there are also steps that can be taken immediately that can help to significantly repair credit in the short-run. Developing good credit practices will help borrowers in so many aspects, so it is important to start making positive changes as soon as possible.
Loan Love ends by saying: “How to get started? It’s actually pretty simple: To jump-start the credit repair process, contact a credit repair company like CreditRepair.com for an initial consultation. In addition to helping you establish an actionable plan to improve your credit, they’ll even give you a free credit score and credit report summary so you have the most accurate picture of where you stand.”
For more information, please visit LoanLove.com for the full credit repair guide.