Atlas President, Tony Julianelle recently discussed mortgage refinancing with Nerd Wallet. The articles details when it’s a good time to refinance, what rates look like, how to know if it’s the right deal for you, interpreting your credit score and more.
When looking at your credit:
“If you’re struggling with payments, automate everything so you don’t miss any,” Julianelle says. “Also, look at the ratio of your outstanding credit card balances to the credit limit. If your credit report shows outstanding balances near the limit, that shows high usage. You want to keep that ratio as low as possible by paying off your credit card balances each month in full, because that can make a big difference in whether or not you qualify for a new loan.”