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How Obtaining a Mortgage Can Impact Your Credit Score

by Angel Leon | Feb 13, 2025 | Home Buyer Tips

When considering homeownership, many potential buyers wonder: Will getting a mortgage help my credit score? The answer is yes—if managed correctly. A mortgage is a major financial commitment, but it can also be a powerful tool for building and maintaining strong...

What You Can Do Now to Prepare for Mortgage Rate Drops

by lizlaurenb | Nov 29, 2024 | Mortgage Rates

As we move into the last month of 2024, many potential homebuyers are eagerly awaiting a drop in mortgage rates. With inflation numbers looking promising, there’s hope that the Federal Reserve will lower the federal funds rate, which typically drives mortgage...

Steps to Take Now to Build Your Credit for a Home Purchase Next Year

by lizlaurenb | Oct 2, 2024 | Credit Scoring

If you’re thinking about buying a new home next year, there’s one important factor to consider before you start browsing listings—your credit score. A strong credit score can make a huge difference in the interest rates you will qualify for and can...

Hard Inquiry vs. Soft Inquiry — What’s the Difference?

by lizlaurenb | Jul 17, 2024 | Credit Scoring

Knowing the difference between a hard inquiry vs soft inquiry can help you maintain a good credit score. Here’s what you need to know. Most people know that your credit score can drop if you miss a payment or have a new collection filed against you. But how...

Unlocking Lower Mortgage Rates By Boosting Your Credit Score

by lizlaurenb | May 21, 2024 | Credit Scoring

The interest rate you qualify for when securing a mortgage can make a huge difference in your financial journey. The good news is, that by understanding how credit scores impact mortgage rates and implementing strategic steps to boost your score, you can potentially...
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Cornerstone First Mortgage, LLC NMLS#173855 

Racheli Refael NMLS# 64918

Branch address:
1471 NE 26th St. Suite 100
Fort Lauderdale, FL 33305

Call 954-800-0330

Racheli Mortgage Team

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