Article #: 4
Initials of Content Writer: BDD
Date of Article Creation: 1/14/2017
Company: 1st Capital Mortgage
Keyword: Mortgages in Oklahoma

Mortgages in Oklahoma: Required Credit Score
This content was written for 1st Capital Mortgage

When it comes to qualifying for mortgages in Oklahoma, there are few things more important than your credit score. Almost everybody who is of age to be applying for a mortgage understands or has heard of what a credit score is. That doesn’t mean that everybody knows how to manipulate their credit score and how to increase their credit score. In this article, we will discuss a few ways that you can increase your credit score so that you get better interest rates on your mortgage. One way to figure this all out is to get in touch with 1st Capital Mortgage by calling them at 918-274-1519.

The 1st way for you to increase your credit score so that you can have a lower interest rate on your mortgages in Oklahoma is quite simply to improve your income to debt ratio. Your income to debt ratio is quite simply the ratio of the income that you make versus the debt that you have. Obviously, the only way to do this is to manipulate these two numbers. You either need to make more money or you need to decrease your debt. The recommendation is to do both at the same time.

The second way for you to increase your credit score is to make sure that you maintain balances that are 30% or less on all of your revolving debt. Revolving debt is typically credit cards. Americans seem to have an issue when it comes to spending too much on their credit cards which then adversely affects their credit score. If you continually keep a 30% or less balance on your credit cards, your credit score is going to be much higher. The important part is that you have 30% or less of a balance on all of your credit cards and in total. You don’t want to have one card maxed out and one card at 1% it does not work the same way when it comes to your credit score.

The next way to increase your credit score when it comes to applying for mortgages in Oklahoma is to ensure that you always pay your bills on time. Paying your bills on time especially your credit card and loan bills is going to ensure that you’d ever get dinged for late payments. Late payments can harm your credit score because they are showing that you are not a responsible individual when it comes back to paying your debts. This is something that you need to pay attention to and ensure that you are doing on a monthly basis. If you are paying all of your bills on time, then this is something that you do not need to worry about.

If you haven’t been doing these three things then it is time that you started doing them. The sooner you get started, the better off you are because the fourth thing that you need to take into consideration is your credit history. The longer you have a good credit history, the higher your credit score is going to be. Contact 1st Capital Mortgage today to find out where your credit score lies and what kind of interest rate you can qualify for. All you have to do to call 1st Capital Mortgage is dialed 918-274-1519. Pat

Article #: 1
Initials of Content Writer: BDD
Date of Article Creation: 1/14/2017
Company: 1st Capital Mortgage
Keyword: Mortgages in Oklahoma

Mortgages in Oklahoma: How Are Rates Calculated
This content was written for 1st Capital Mortgage

Are you searching for mortgages in Oklahoma that are going to give you the best interest rate so that you can save money over the long haul? If you are on the market for a mortgage in Oklahoma than the company that you want to contact is 1st Capital Mortgage. 1st Capital Mortgage is dedicated to making sure that you understand the mortgage process and they get you the lowest interest rate that you qualify for. To contact 1st Capital Mortgage all you have to do is give them a call. The phone number for 1st Capital mortgage is 918-274-1519.

Let’s discuss a few of the things that you have control over that are going to help you get a low-interest rate on your mortgages in Oklahoma. 1st, let’s talk about credit score. Most people have heard of a credit score however not everybody knows how a credit score is manipulated in order to have it help them with their mortgage. A credit score quite simply tells lenders the reliability of the individual to pay back their debts. If a person has a low credit score, then that is telling the lenders that they are a higher risk to lend money to. The opposite of that is a person who has a high credit score.

A high credit score is telling the lenders that that person is very likely to pay back their debt and is far less of a risk. What lenders do is they play where they are most comfortable. For the people to have a low credit score, they are going to have a higher interest rate associated with the money that they are lended. Therefore, lenders who are willing to lend the money are gambling with fire. They have a chance to make more money, but they also have a higher risk of losing money.

The lenders who lend to people with a higher credit score are investing in a much more secure investment.From the consumer standpoint and anybody who’s looking for mortgages in Oklahoma, you want to make sure that you fit into the secure investment category. When you fit into the secure investment category, it is going to be easier for you to get money and get a lower interest rate. Furthermore, it is going to be far easier for you to get more money than it is if you fit into the category of a risky investment. This is why it is so critical that you pay strict attention to your credit score and your income to debt ratio.

These are two numbers that you need to make sure that you know all of the time.There are several ways that you can figure out these numbers, but one of the best and easiest ways is to simply call 1st Capital Mortgage. If you get in touch with 1st Capital Mortgage not only are they going to help you figure out these numbers but they will tell you where you stack up when it comes to qualifying for a mortgage. To call 1st Capital mortgage, all you have to do is dial their phone number. The phone number to reach 1st Capital Mortgage is 918-274-1519.