Important: this does not mean collections never matter.
It means you should not guess before a mortgage application.
Before paying off a collection, ask:
1 – Does this loan program require it to be paid?
2 – Could timing affect the credit score used for mortgage approval?
3 – Would lowering revolving balances help more?
4 – Do we need documentation for the account?
5 – Is there a better order of operations before pre-approval?
If you are planning to buy, get a mortgage review before trying to “fix” everything on your own.
Message me “CREDIT” before you make a credit move.
— If we haven’t met yet, I’m Richard Sarey, your go-to independent mortgage broker in Frisco Texas
mortgage credit help • home loan credit score
#CreditScoreTips #MortgageAdvice #mortgageprep #GetPreapproved #Texasmortgagelender
