HomeVestors Knows That Investors With High Credit Scores Have Greater Leveraging Power


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Do what has to done to obtain a high credit score. Pull credit scores every so often to be sure the report is error free and do the little things that can increase a credit score.

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years. The company knows that real estate investors need to focus on their credit score if they wish to leverage capital properly. If considering a real estate investment career, be aware that a high credit score can greatly increase the amount of investment options that can be made. Not only that but the lower interest rates that lending institution are willing to grant responsible investors can greatly increase the amount of profit that can be earned. It is important to be up to date on where a credit score lies and do what is necessary to increase this score.

First of all, it is important to check a credit score at all three major credit companies and have the credit report pulled about 3 times a year. Be sure to look it through and look for any errors that may have been reported. If there are any negative marks, do what needs to be done to remove these problems.

Be aware that certain companies report to credit reporting agencies, while others don’t. Any mortgages, car loans and credit card debt is reported to credit agencies, so be sure to pay these on time, if possible and before any other types of debt.

Credit-reporting agencies have a tendency to look positively on accounts that have been opened the longest and consistently have a low balance. Investors who have a credit card for many years should consider leaving it active, while keeping the balance as low as possible, even if they no longer use the card. The same thing is true for a mortgage that has been active for a great deal of time. Weigh the benefits of refinancing a mortgage with the negative effect it may have on a credit score. Is it really necessary or beneficial to refinance a particular loan?

Another positive step that investors who are looking for a higher credit score can do, is ask their credit card providers for an increase in credit. Increasing the credit from $10,000 to $20,000 can greatly change the ratio between credit and average balance, thus earning a few points on the credit score.

The importance of having a high credit score can allow investors to obtain the capital they need without having to resort to other capital leveraging strategies. Private lenders generally offer the best interest rates and are only available to investors with respectable credit scores. This is why increasing one’s credit score should be given top priority.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties. Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community. In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction. For more information, visit www.HomeVestors.com.

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