About Credit Restoration of Texas
Credit Restoration of Texas was started in beautiful San Antonio, Texas in 2007, and since then has helped over 5,000 clients improve their credit scores and accomplish their dreams. We have helped our clients with home ownership, car loans, business loans and have saved them millions of dollars in interest. When asked what sets us apart from other credit repair companies, it comes down to the most important factor in the credit service industry, and that is “Our Outstanding Track Record”. Don’t go with any company, go with a company that is dedicated to delivering results!
We don’t do just credit repair we do “Credit Restoration”, there is a big difference and it involves having a dedicated Credit Analyst assigned to you from the beginning, being able to call in and ask all questions credit related, and being given expert credit advice. It involves a combination of removing unverifiable negative items, building new powerful lines of credit and effectively settling negative accounts for deletion. We are here to educate everyone who has questions about credit. You will also have access to our qualified realtors, mortgage bankers, and lending institutions to help you accomplish your goals.
We give a free, thorough credit consultation which involves reviewing the client’s goal, analysis of the credit report, plan development and what it’s really going to take to get the client from where they are to where they want to be, so they can accomplish their goal.
Why is credit important? Credit impacts everything from buying a house, car and even employment. At Credit Restoration of Texas we can assist you on removing inaccurate, obsolete or unverifiable items from your payment history. Credit Restoration is YOUR trusted source for credit repair.
How Your Credit Score Affects Buying A Home
If you are thinking about purchasing a home it’s important to know your credit score. Lenders examine your credit history when determining whether you qualify for a home loan. Your credit history and credit score play a major role getting approved and in the interest rate your lender will offer you. The higher your credit score is the better interest rate you will get.
Once you begin making mortgage payments, your lender will report the new loan to the credit bureaus and it will appear on your credit report. If you make regular payments and make them on time this has a favorable impact on your overall credit score.
So what about if you don’t have a good credit score? Well depending on the lender your credit score must be at least 660 (this is considered mid range) to get a mortgage loan. Having a lower credit score will still get you a loan but it affects your interest rate, buying power, down payment and mortgage insurance.
A higher interest rate changes everything when buying a home. Here is an example of the National Mortgage Interest Rate for 2015 when purchasing a $150,000 home with a 30 year fixed loan:
|Credit Score||Interest Rate||Monthly Payment||Total Interest Paid|
|760 to 850||3.47%||$671||$91,490|
|700 to 759||3.69%||$689||$98,217|
|680 to 699||3.87%||$705||$103,650|
|660 to 679||4.08%||$723||$110,301|
|640 to 639||4.51%||$761||$123,931|
Hey Robbie! We closed on March 30th…moved in April 9th and everything, as you probably know, has been crazy. We’re still not unpacked yet…but we are getting settled. Just wanted to say thanks again for everything!
My brother in law may be contacting you for help also.
Thanks a lot Dennis Williams with Credit Restoration of Texas for helping me rebuild my credit scores. Now I can go buy me a house or a car at a low interest rate. With my old credit history my interest rates on car loans were 18-20%. Now I can say that Credit Restoration of Texas changed my credit history so I can now apply for a gas card and get approved for an automobile loan for a low interest rate.
“Thank you so much Robby for helping me and my family get financing for new our home we couldn’t have done it without you. When we started my scores were in the 400’s and now they are mid 600’s, thank you so much to all the staff and Credit Restoration Of Texas.”
We are located at:
4203 Gardendale Ste. C101
San Antonio, TX 78229