options of financing dental work

After paying several thousands of dollars on the root canals on my upper teeth, my dentist told me that they had to be pulled. He told me that the dentist that did the work didn't do it properly and that all of the teeth were infected. After I collected myself, we started discussing the cost of the extraction procedure and the cost of the dentures. I knew I couldn't pay for all of that out of my pocket and he explained the dangers of allowing dental infections to fester. I quickly learned about financing dental procedures. If you are in a similar situation, go to my site to learn about your options of financing dental work.

Understanding Credit Scores And Mortgage Rates


You're finally in a place where you're financially capable of buying your first home, and you couldn't be any more excited. Unfortunately, you're worried about your credit score and how it might impact your mortgage rates. Never fear! Understanding this complex interaction, and how you can impact it, can help you decrease your mortgage rate significantly.

How Does A Credit Score Impact Your Mortgage Rate

The simplest way to understand the interaction between your credit score and your potential mortgage rate is to consider it an inverse proportion. This means that higher credit scores result in lower mortgage rates. Typically, you're going to want a score of at least 740 to get the best possible rate.

It's possible to get rates with credit scores lower than 740, but once you hit about 620, it's nearly impossible. Getting a good mortgage rate is vital, as a difference of even one percentage point can add thousands of dollars to your yearly payment cycle.

How To Get Your Credit Score For Free

You've probably seen advertisements for credit report companies on television, stating that they can help you find your credit score for free. Don't think that they're offering you a great deal: the government has actually made it a requirement for these reporting companies to give one free report to anyone who asks every 12 months.

However, you've heard that inquiring into your credit score can actually lower it, and you're worried about how this will impact your mortgage rate. While it's true that hard and soft credit inquiries (such as inquiries by an auto company or apartment complex) can impact your score, an inquiry by a credit report company will not. So feel free to get one before applying for a mortgage.

What Causes Your Score To Drop

If your credit score is in a pretty good place and you're ready to apply for a mortgage, you need to avoid a few simple mistakes that could cause it to quickly drop. While your credit score should generally remain fairly even, the following mistakes are deadly to it:

  • Late payments
  • Canceled credit cards
  • Losing a civil case regarding money
  • Sudden increase in debt due to a medical emergency

When situations like this occur, it can be heart wrenching to see your credit score drop and your potential mortgage rates skyrocket. However, it is possible to raise your credit score by following a few simple steps.

What Raises Your Credit

So your credit score dropped due to the problems mentioned above, and you're suddenly in a position where you no longer qualify for a mortgage. The following methods may not raise your credit as quickly as it dropped, but they can help bring it up and improve your mortgage rates:

  • Pay off any credit card debt immediately
  • Dispute any errors made by credit report companies
  • Create a repayment plan for a delinquent debt
  • Avoid maxing out your credit limits
  • Get a new credit card, use it occasionally, and pay it off every month
  • Pay twice a month to avoid looking like you're maxing out your cards

Delay applying for your mortgage until you've increased your credit. While you may miss out on the house of your dreams, you'll avoid a terrible rate that will cost you a lot more in the long run. To learn more, you should talk to your mortgage company as soon as possible.


13 May 2016