Skip to main content

Voorhees NJ Mortgage Broker – Borrower Credit Score Monitoring Report Released

Allied Mortgage Group licensed loan officer and mortgage lender Mike McKeown (609-354-5771) has released a report recommending that they closely monitor their bank balances and credit scores while applying for a new mortgage or refinance.

Voorhees Township, United States - September 23, 2021 /PressCable/

As a top mortgage broker in Voorhees, NJ, Mike McKeown has released the report on the subject of exercising caution on opening new accounts during the complex mortgage application process. Opening a new account requires a hard credit inquiry that can adversely affect an applicant’s credit score and increase the risk of denial.

More information on Mike McKeown and his office location can be found at https://g.page/alliedmortgagemike

Mike McKeown has launched the report to emphasize that every mortgage applicant needs to be aware of how credit scores are calculated and be mindful of keeping credit inquiries to an absolute minimum. A commonly cited reason for mortgage application denials is that an individual’s FICO credit score is lower than their mortgage lender requires on account of multiple hard credit inquiries.

According to Mike, this adverse effect on credit scores also needs to be considered by anyone considering co-signing for someone, as this is considered to be an additional debt for the co-signer. Hard credit inquiries are considered a credit risk and can drop a credit score by up to 5 points.

The Voorhees, NJ mortgage broker is also able to offer expert advice on debt management in relation to applying for a mortgage and has released several reports on this subject, which are available in full on the company’s website. He is knowledgeable about many different types of mortgages including conforming and Jumbo loans, FHA, VA, USDA, HARP, and ARMs. Mike prides himself on being able to offer his clients outstanding customer service and is available 24 hours a day.

Allied Mortgage Group are experienced and reputable mortgage brokers in Voorhees, NJ, and have offices located off Haddonfield-Berlin Road.

A satisfied customer has said: “I am not one to leave reviews for anything. But had to leave a review for this experience. Buying a home is a big deal for anyone, especially a first home purchase. Mike and his team made the whole process very easy and smooth. They were super quick to answer any question I had, even the dumb questions I came up with. Mike and his team were extremely helpful and made sure we closed the house on time as we needed. 100% recommended.”

Visit https://mikealliedmortgage.business.site for more information.

Contact Info:
Name: Mike McKeown
Email: Send Email
Organization: ALLIED MORTGAGE GROUP
Address: 1000 Haddonfield-Berlin Road, Voorhees Township, NJ 08043, United States
Phone: +1-609-354-5771
Website: https://mikealliedmortgage.business.site

Source: PressCable

Release ID: 89046691

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.