RAISE YOUR CREDIT SCORE IN 3 MONTHS


While people often think of mortgage brokers when they are first time home buyers, we can help people in a variety of different ways.

Recently Garrett LaBarre of Calvert Home Mortgages in Calgary shared a success story with brokers. He had a client referred to him by a mortgage broker who had a conundrum. She was paying her credit card balances on time month after month, but couldn’t get them paid down due to the high interest rates. As a result, she had a 567 credit beacon score. Her bank would not refinance her mortgage or offer her a debt consolidation loan. She was stuck.

The solution was to use some of the equity in her home to pay off the credit card debt and lower the payments to a more manageable monthly. Even though her mortgage interest rate was higher than a regular lender, it was a lot lower than a credit card rate and it was amortized over 30 years. The result was that within three months this client had her credit score jump from 567 to 769!

What an amazing result. Now there’s one more person who knows that mortgage brokers can do things that the banks can’t do. If you have a challenging story, be sure to contact your local Dominion Lending Centres mortgage professional for help.


Written By:

DAVID COOKE

Dominion Lending Centres - Accredited Mortgage Professional

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Office Address

 

Dominion Lending

2061 Portage Ave
Winnipeg, MB R3J 0K9

CONTACT ME @ 204-997-5021 OR

MCABRAL@204MORTGAGES.COM

Mike Cabral

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Ads promoting credit card applications, or financial services with accredited institutions must clearly provide sufficient disclosure regarding associated fees, including APR percentages, transaction fees, interest rates and the physical address of the entity offering the product within the ad's landing page. Ads promoting credit cards, loans or insurance services must be targeted to people 18 years or above. Ads promoting credit cards, loans or insurance services must not directly request the input of a person’s financial information, including credit card information.