Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
The Ten Commandments
When Applying for an Overland Park, Kansas Mortgage Loan ( 4 of 10)
#4) Thou shalt Not use charge cards excessively or make late payments on ANY of your accounts.
Excessive use of credit cards can have 2 negative affects on your credit rating. One, inquires will be recorded by credit bureaus and could decrease your credit score. Two, balances on credit cards exceeding 35% will affect your debt to income ratio and could decrease your credit score. Also, late payments of any sort can decrease your credit score, increase your home loan interest rate, delay loan closing, or cause loan denial. If this situation applies to you, please contact your Mortgage Planner.
To view the remaining 9 commandments, go to: The Ten Commandments.
Blog post written by: Barry Allen of the Temple-Allen Group of First Federal Bank
Blog post written by: Dowell Taggart Team of RE/MAX Best Associates.
YOUR success, health, happiness, and wealth can be attributed to the choices YOU make. Smart web surfers choose www.DowellTaggart.com, intelligent Kansas City home buyers and home sellers choose the Dowell Taggart Team for professional representation, industry leading advice and incredible online marketing. When YOU contact US, YOU work with US, Not a newbie assistant.
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YOUR success, health, happiness, and wealth can be attributed to the choices YOU make. Smart Kansas City web surfers choose http://www.DowellTaggart.com, intelligent Kansas City home buyers and home sellers choose the Dowell Taggart Team for professional representation, industry leading advice and incredible online marketing. When YOU contact Us, YOU work with a leading edge experienced Partners, Not a newbie assistants.
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