Vanguard Realty Associates

Vanguard Realty Associates


Credit Scores and Mortgages: What You Need to Know

Filed under Mortgage on Feb 11,2016 | Tagged in: , , , , , , ,

The holiday gift-buying binge is over and the credit card bills are coming in. If you’re thinking of applying for a mortgage this year, be sure to pay your bills on time.

That’s because your credit score can affect the mortgage rate you may qualify for, or prevent you from getting a mortgage at all. Generally speaking, a credit score below 620 will make it difficult to qualify, while a score of 740 or more will probably help you get a decent interest rate. Sheyna Steiner, writing for, notes that lenders prefer borrowers with low balances, a long history of on-time payments and a mix of credit utilization — for instance, a car loan and a couple of revolving accounts such as credit cards.

Check this helpful article, ‘How your credit score affects your mortgage rate‘ for more details. If you feel your scores are in good shape and you’re ready to start your home search, let Vanguard Realty Associates help you “score” the perfect home!

Please follow and like us:


"I worked with Donna Brun for the past year to sell my home in Cold Point Manor. The real estate market has not be optimal for sellers. I have to share it was a pleasure to work with Donna. Her commitment and honesty were important to me. She cares about the work she does each day which I find so valuable and refreshing in business today. I would highly recommend Donna Brun to help you with your real estate needs." - Scott Passman

Scott Passman


Quartz Questions? Read More


Piano Repurposing Read More


2023 Market: Hope and Hibernation Read More


2350 Butler Pike, Suite 6, Plymouth Meeting, PA 19462 | Phone: 215-542-8381 | Fax: 484-344-5344 | Email:

Offering the best Montgomery County PA Real Estate and Bucks County Real Estate

© copyright 2024 Vanguard Realty Associates