Real Estate Finances, www.sonjabush.com
Real Estate Finances, www.sonjabush.com

Are you aware of how your credit card usage and history can affect your real estate financing?

When was the last time you evaluated how you are utilizing your credit cards? Do you have a number of credit cards that have a maxed balance? Do you have a number of credit cards that are active but you are not using? Do you have too many credit cards that are accumulating maintenance fees? Maybe you don’t have any credit cards – whatever the case, take some time to evaluate your credit card status and plan decide how credit cards can actually be used to your advantage.

Below are 3 tips to help you manage credit cards:

  • Read The Fine Print – When signing up for a credit card, understand what the terms and conditions are so you can ensure you stay within them and avoid high fees in the long-run.
  • Review Rewards Cards – There are a number of different card types: rewards, frequent flyer, big spender – just to name a few. Look at the options available to you and decide which type will most benefit you and your lifestyle.
  • Pay Your Balance In Full – Paying your balance in full helps to avoid having to pay back large amounts of interest. For some, paying the balance in full is not a viable option, in cases like this, make sure to pay your monthly payment on-time as to avoid late fees.

If you are ready for a walk-through of your finances before making a purchase on a home, call Sonja today at 661-979-9000 or email her at [email protected]  She will help you or put you in touch with the right Real Estate Finance and Loan Officer to help get you prepared for your purchasing journey.

Source of article:

Brian Kimball
Senior Loan Officer
NMLS ID# 237105
3240 El Camino Real Suite 140
Irvine, CA 92602
Branch NMLS ID# 1014539
714-619-5609[email protected]
www.Brian4HomeLoans.com
www.facebook.com/Brian4HomeLoans
Summit Funding, Inc NMLS ID# 3199

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