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The Big Three

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The Big Three
 
You can improve your rates and save thousands on your loan by improving the three most important loan factors.
 
Credit score target – above 650
How to meet the target –
 
 Clear inaccuracies from your credit report
 Pay your bills on time for at least 6 months
 Avoid unnecessary applications for credit
 Reduce your debts to below 35% of their credit limits
 
Debt-to-income ratio target – 20-30%
How to meet the target –
 
 Pay off small loans
 Reduce your credit card balances
 Increase your income by co-signing with your spouse
 
Loan-to-value ratio target – less than 80%
How to meet the target –
 
 Increase your down payment to at least 20% of your new home or car's value
 Negotiate to reduce the price with the seller
 

Select a less expensive home or car to purchase





 

This Free Credit Tip is brought to you by

Ohio Credit Express

visit us at

www.ohiocreditexpress.com

email us at

info@ohiocreditexpress.com

Car loans made Fast and Easy

* This is not legal advice. Consult an attorney for all legal advice.

 

 

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