Phoenix Mortgage Loan Credit Repair
Many people need to repair their credit scores before they are even eligible for mortgage loans.
Keeping an eye on things like newly opened accounts is important to prevent your credit score from being negatively affected. By catching this activity quickly, the problem is stopped in its tracks – before it has a chance to destroy your hard-earned credit score. Alternatively, you may just be making poor financial choices that are hurting your score. Either way, we can help you to improve your score so you are eligible for a mortgage loan.
To learn more about our mortgage loan credit repair services, please read on below to find out more critically important information:
One way to repair your credit to be eligible for a credit loan will be to use our credit monitoring service. Too many people have poor scores and can’t get a mortgage loan only because of bad activity. Each day, your credit report is susceptible to fraud, erroneous information, and identity thieves. Credit monitoring keeps an eye on your data to catch these issues before they grow. At Phoenix Credit Repair Today, our agents are highly trained to notice the signs of fraudulent activity. If someone tries to use your data to open a credit card account, for example, you may not even be aware. The damage can stay on your report for months or even years. By that time, fixing the problems it has caused will take much longer, and you may not be eligible for a mortgage loan in a very long time.
My Data Has Been Compromised, Now What?
Many people are not allowed to get a mortgage loan because their credit was compromised by hackers. No matter how vigilant you may be with your important financial information, a data breach is still a possibility. If our team of agents detects an issue with your credit information, we are able to alert you right away. We take steps immediately to contact the appropriate companies in order to ensure you are not held responsible for the erroneous action on your account. In addition, if your data has been compromised we will offer you options for protecting against future identity theft.
The Importance of Repairing Your Credit
While your score is rebuilding there are a few other options that we can investigate for your mortgage or loan. Federal Housing Administration (FHA) offers loans for customers will poor credit. You will need a score of 520 and a small down payment to qualify for an FHA loan. The minimum amount down is 3.5% which is far less than the normal 20% needed at most banks. If you’ve been with your current bank for a very long time, we suggest you apply for a mortgage with them. Your long-term relationship could help sway their decision. Finally, you should start saving up for a down payment. Standard down payments are 20%. The higher you can put down the better.
Licensed Credit Repair Professionals
If you’re looking for trained professionals who specialize in credit repair so you can get a mortgage loan, you’ve come to the right place. The agents at Phoenix Credit Repair Today are well-versed in the latest tools and technology in credit monitoring, repair, and restoration. They will closely guard your credit information, and help come up with a plan to improve your score fast.