increasing your credit scores part 2

DDA Mortgage • September 13, 2021

3 things you can do to improve your credit scores, Mortgage Broker Largo.

When buying a house, a 30 point difference in your credit score can change your rates, determine loan terms and type, and can even influence your ability to win in a multiple offer situation.


Here are three things you can do to help boost your credit score and help you qualify for the best loan.



Student Loans, How They Affect Your Debt-to-income Mortgage Calculation


As a friend of ours always says, "you can pay me now, or pay me later." If you defer your loans you debt continues to grow. As your debt grows, you debt-to-income level also changes.


What does this mean for you and your mortgage qualification? As a broker, we take .5% of your total student loan debt to determine your monthly obligation. If you have $100,000 in loans, we assume you will have a monthly payment of $500.


The good news. If you start to payback your loans and go on an income-based repayment plan, we can use your actual payments. I recently qualified a couple where the wife had a debt of $240,000. Yikes! I told her to start repaying her loans ASAP. She was able to start an income-based plan of about $300/mo, and after three months, I was able to pull her actual payments and qualify them for a $380,000 loan. If you have student loans, and would like us to run your numbers, start an application and we can review everything with you.



Medical Collections, Mortgage Qualification, And Credit Scores


Medical collections can be tricky. You would think, "I payoff the debt, and my credit score goes up." Unfortunately, this is not how it works.


You need to do two things. 1st, pay off the loan. 2nd, you need to ask for a deletion letter. A deletion letter lets the credit burrows know everything is in good standing. This helps improve your credit score and helps you qualify for a mortgage.



30 Day Late, Make A Call And Get It Removed


Most credit card companies will remove late notices or 30 day lates if you simply give them a call. We know, this one sounds too easy, but it is true. With most credit cards all it takes is identifying a mark on your credit report, calling, being polite, and asking them to remove it. As long as the card is in good standing, they should take care of it for you.



If you are thinking of buying a home, it is critical that you have the highest credit score possible to get the lowest interest rate available. The best way to improve your score is to talk to one of our mortgage specialists. We can look at your credit and let you know how to improve your score.


If you want to buy a home, start your application, and get pre-qualified.



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By Didier Malagies • November 10, 2025
✅ the principal you borrowed ✅ all interest paid over the years ❌ It does NOT include taxes, insurance, or HOA unless noted. Because longer terms spread payments out more slowly, they lower the monthly payment but massively increase total interest paid. Below is a simple example to show how total payments change by loan term. ✅ Example: $300,000 loan at 6% interest 15-Year Mortgage Monthly payment: ≈ $2,531 Total paid: ≈ $455,682 Total interest: ≈ $155,682 30-Year Mortgage Monthly payment: ≈ $1,799 Total paid: ≈ $647,514 Total interest: ≈ $347,514 40-Year Mortgage Monthly payment: ≈ $1,650 Total paid: ≈ $792,089 Total interest: ≈ $492,089 50-Year Mortgage Monthly payment: ≈ $1,595 Didier Malagies nmls212566 DDA Mortgage nmls32432 Total paid: ≈ $956,140 Total interest: ≈ $656,140 ✅ Summary: Total Payments by Loan Term Term Monthly Payment Total Paid Over Life Total Interest 15-Year ~$2,531 $455,682 $155,682 30-Year ~$1,799 $647,514 $347,514 40-Year ~$1,650 $792,089 $492,089 50-Year ~$1,595 $956,140 $656,140 ✅ Key Takeaway A longer mortgage = lower payment, but the total paid skyrockets because interest accrues for decades longer. tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329

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By Didier Malagies • November 3, 2025
Here are the main types of events that typically cause the 10-year yield to drop: Economic slowdown or recession signs Weak GDP, rising unemployment, or falling consumer spending make investors expect lower future interest rates. Example: A bad jobs report or slowing manufacturing data often pushes yields lower. Federal Reserve rate cuts (or expectations of cuts) If the Fed signals or actually cuts rates, long-term yields like the 10-year typically decline. Markets anticipate lower inflation and slower growth ahead. Financial market stress or geopolitical tension During crises (wars, banking issues, political instability), investors seek safety in Treasuries — pushing prices up and yields down. Lower inflation or deflation data When inflation slows more than expected, the “real” return on Treasuries looks more attractive, bringing yields down. Dovish Fed comments or data suggesting easing ahead Even before actual rate cuts, if the Fed hints it might ease policy, yields often fall in anticipation. tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329
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