Real People, Real Results

“Well I’ve been in the real estate biz for 13 years now and considered myself somewhat financially savvy investing in myself, retirement, real estate, volunteering at the tax center, etc.. Being a real estate professional the very first step in getting a buyer pre-qualified is setting them up with a mortgage broker and the very first thing they are going to do is pull their credit. Scores, scores and more low scores have killed so many deals which is why I partnered with a broker who helps and coaches buyers in getting their credit scores up enough to qualify for a home loan (at least a 620 FICO score). So having been through this scenario dozens of times I thought I knew what it took to get a score up enough to get approved, yet I have been unsuccessful in getting my own score up above 740. Mike helped me to understand a few rules and hidden facts that effect scores and I listened more and more. I finally decided to take his advice (dumb on my part for not acting sooner and experimenting with my own concepts that only made my score worse) and opened up two unsecured loans. Instead of paying off and closing the revolving accounts I simply paid them off and kept them open only using once in a while then paying off the balance before interest was incurred. I had already paid my truck off (2.5 years early = 20 point drop in my score) and closed 3 small store cards that had been carrying a zero balance (another 14 point drop). It took about 6-8 months for my score to come back up into the 700’s (704). That’s when I took out the unsecured loans and used them for a full blown home reno project and kept the credit cards to a minimum and paid off monthly. Within 5 months my score had jumped to 837. There is a lot more to what Mike explained to me so that I understood, so my advice is to listen because he enjoys helping people just like you and me."