Secrets Your Mortgage Broker Will Not Tell You

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Don’t Just Be An Authorized User On Credit Card

Source: https://canada.businesschief.com

Having a good credit score will qualify you for a better interest rate on a home loan. It is the basic thing lenders look for.The easiest way to improve your credit score is to be removed as an authorized user of a credit card. A consumer who is an authorized user of a credit card with a high credit limit and is applying for a mortgage loan should remove themselves from it, to increase their credit score and have better chances for approval. Most people don’t realize this. Some believe that having a high credit limit is actually an advantage. It is not as impressive as they want it to be. So keep this in mind.