The Hidden Perks of Great Credit
Your credit score is your track record of financial responsibility. Maintaining excellent credit comes with several perks, including a few that may surprise you!
Easier To Buy a Home
You’re more likely to get approved for a mortgage when your credit is strong. This increases your purchasing power in a market where record low interest rates have already made many homes easier to afford.
Get a Better Phone Plan
Excellent credit can determine whether your wireless carrier grants you a contract with potential discounts or a costly month to month plan that often requires a security deposit.
Lower Interest Rates On Loans
A good or excellent credit score earns you a lower interest rate on most loans and gives you the power to negotiate other elements, like a better repayment plan or higher principal.
Secure the Best Credit Cards
If your credit is in a good place, you could qualify for credit cards with excellent incentives and benefits. You might also land a higher credit limit if you’ve been proven to pay your bills on time.
Discounts On Car Insurance
Insurance companies won’t turn you away for bad credit, but they may raise rates. Maintaining good credit could lower your monthly premium.
More Options For Renters
Good credit shows landlords you are responsible, which can potentially lower your security deposit as well as many fees required up front.
Get a free credit report:
Everyone gets one free credit report per year. Access yours at annualcreditreport.com.
Get your credit score for free:
Tips For Building Excellent Credit
Strong credit matters – check out these tips for building and maintaining an excellent credit score!
- Pay On Time
- Payment history is the largest part of your FICO score at least 35%. So pay bills on time to keep your score high.
- Keep Balances Low
- Aim to use less than 30% of your credit limit.
- Pay Attention To Your Score
- Monitor your credit score regularly to know where you stand. If it’s lower than what you thought, consider running your credit report to check for possible errors.
- Be Patient
- While negative credit information is frustrating it typically ages off your credit report for a few years, depending on your situation.
- Shop Smart
- Do your research before applying for loans or credit cards to avoid unnecessary hard inquiries that may lower your credit score.
Common Credit Misconceptions
- Closing my unused credit card account will help my score. – Keeping old cards can boost your credit amount in credit history, which may improve your score.
- Checking my own credit score lowers it. – This is a soft inquiry that shouldn’t affect your score.
- Any debt will hurt my credit score. – Not all debt is bad. For example, paying the mortgage on time can raise your score. Excessive credit card debt, however, can lower it.
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Why Does RE/MAX Results Stand Out Among the Competition?
Simply put: Relationships. We pride ourselves not only in our professional service but more importantly in the personal touch we bring to our business. Has an agent/lawyer/contractor/vendor ever treated you like you were just another paycheck? The reason our clients come back time and again and refer all their friends and family to us is because they know we are part of the family.
Genuinely caring about the people we serve enables us to do things other agencies can’t. Rest assured, we will ALWAYS have your best interest at heart and work vigorously to get you the best deal possible on your home or business. The relationships we build with our clients enable us to work 100% by referral. The reason we are able to give top notch service to our clients is because our clients refer us a constant stream of quality family and friends to assist in their real estate needs. While other agents are out making cold calls and chasing “potential” leads, we are freed up by our referral base to service our clients like no other broker can. We are never too busy for your referrals!
Want to experience the difference for yourself? Call or text me today at 260-579-1516.
“Professional Service with a Personal Touch“
We’re Here To Help
Are you or someone you know considering a home purchase? Don’t hesitate to call or text me, Michael Archbold, at 260-579-1516 and I will connect you with the best mortgage professionals in the business who can get you your score, discuss ways to improve it if necessary, and put you on the path to home ownership. Click here to read more about our Buyer Services. Click here to browse listings NOW! Looking to sell your home? Call today to set up an appointment to begin developing your customized marketing plan. Click here to read more about our Seller Services.
Hoosier Home Listings by RE.MAX Results is a full service real estate Web site serving Northeast Indiana. We assist residential and commercial clients in locating, buying, and selling real property in the State of Indiana including but not limited to the counties of Allen, Huntington, Wells, Adams, Whitley, Wabash, Kosciusko, Noble, Dekalb, Lagrange, Steuben and cities including Fort Wayne, Decatur, Bluffton, Huntington, Warsaw, Columbia City, Butler, and Angola. RE/MAX Results is an Equal Housing Opportunity company.
Hoosier Home Listings – The Hidden Perks of Great Credit…
… brought to you by Michael Archbold, Hoosier Home Listings, and RE/MAX Results.
The consummate professional, Michael Archbold (Associate Broker, REALTOR, ePro) brings a diversified background to the world of real estate. Born and raised in Fort Wayne, Mike graduated Wayne High School in 1992. He received bachelors degrees in Accounting in 1997 from Indiana University and Information Technology in 2005 from Indiana Wesleyan University. Mike comes to Re/MAX with more than 16 years of experience in sales and accounting. He began his career in real estate in 2000 as an investor.
