Late Paying Your Mortgage?

Did You Know That….

A 30 day mortgage late payment can drop scores over 100 points

and may take 3 or more years to recover from.

A 90 day mortgage late payment can drop scores over 100 points

and may take 7 years to recover from.

Individuals purchasing real estate that will require loan approval and those intending to refinance should be well aware of these extreme effects since lower credit scores can cost hundreds of thousands, if not millions more, over the life of a mortgage.

 

About The Author

Jolie Powell

Jolie Powell has been a distinguised leader in the Real Estate industry since 1987. Prior to entering the world of Real Estate, she worked as a TV producer for the Advertising Agency, Dancer Fitzgerald Sample in NYC. Jolie's expertise in counseling buyers and sellers brings people together from Long Island, and indeed, Globally! Having lived abroad and traveled extensively, Jolie has an excellent understanding of many cultures. As a Cuban-born American, she is fluent in Spanish and communicates well with international clients relocating to the North Shore of Long Island. Jolie is proud of the high level of trust she and her clients have established and looks forward to continue building exceptional client/broker relationships.

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