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30yr Rates: FHA 2.25% - APR 3.127%|CONV 2.625% - APR 2.879%
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Homestead Financial Mortgage

Let Homestead Financial Mortgage provide you with a stress-free home mortgage or refinance experience! Ask us anything at anytime because it's always #zerotofindout.

Good Credit to Great Credit

Many people ask when looking into refinancing their mortgage ask why their credit is considered good, but not excellent. It is a common misconception that simply because you pay your bills on time every month that your credit is viewed as excellent.

There are other important factors involved in credit score ratings derived by credit reporting agencies. For instance, the 3 credit bureau agencies, Trans Union, Equifax and Experian look at how many credit cards you currently have open, how long they have been open, and how much is currently owed with each creditor associated with the credit limit available. These factors can make a big difference when looking to get a refinance approved and the program qualified for. A consolidation home loan refinance is a productive way to pay off credit card debt in full.

Also, it often increases credit scores from good to excellent in a quick time period, since credit cards that were once listed as owed with high balances are reported as paid in full through the debt consolidation refinance program.