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At Mountain Financial Mortgage we are committed to helping our customers achieve their financial goals. Our Loan Originators take the time to understand each client's unique financial situation in order to provide the lending solutions that best meet their individual needs. 

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The Higher Your Credit Score....The Lower Your Interest Rate

Knowledge can save you money…..It is important that you know what is on your credit report.

Did you know that your credit score directly affects your interest rate when applying for a mortgage? Increasing your credit score by even a couple points can potentially save you thousands of dollars over the term of the loan.

If you are thinking about applying for new credit, either to purchase or refinance a home or even to buy a car it is important that your credit score be as high as possible and there are a few things that you can do that may increase your credit score.

The first step to building a higher credit score is to make sure that your information is being reported accurately. To do this you can visit to order a copy of your credit report directly from each of the bureaus; TransUnion, Equifax, and Experian. Review each report carefully for errors and report/dispute any errors directly to the credit bureaus. The bureaus well then verify the correct information and update your credit report; this process can take up to 30-days. Keep in mind that you need to correct the errors with each of the bureaus separately as they do not share this information between each other.

Here are some healthy credit tips:

  • Pay all of your bills on time. When a late payment is reported it hurts your credit, if you are behind on your payments, get current and stay current.

  • Don’t borrow more than 30 percent of your total available credit on revolving debt. If get close to your credit limit it will affect your credit score negatively even if you pay the monthly payment on time, as many creditors often report the highest balance during the billing period.

  • The older the accounts the better for your credit scores. Do not close out old revolving accounts, unused available credit and a long credit history will help your credit scores.

  • Limit credit inquiries. Each credit inquiry shows on your credit report and can cost you points. Only apply for credit that you need. If you apply for a lot of credit over a short period of time it can affect your score negatively.

If you would like to learn more about this topic or to find out about residential or commercial financing please contact Teresa Kahler.

Teresa Kahler|Mortgage Loan Originator: Teresa Kahler has been originating mortgage loans for more than 25-years and has been an Independent Broker/Owner since 1994.

Teresa Kahler

Mortgage Loan Originator

Direct 561-573-4822

Office 303-838-7300

NMLS #229392 Regulated by the division of Real Estate LMB #100009566

Mountain Financial Mortgage Group, Inc.