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Can Paying off Debt Backfire?

In this video we cover the question "Can Paying Off Debt Backfire?" Credit scores and how mortgages lenders view your credit matters. Paying off debt can have major impacts on your credit score and how you may qualify for a mortgage or auto loan. In this video we cover the three reasons payoff off debt can backfire and what to do to avoid it. If you need a mortgage and want to work with a team who advises and gives options unique to you than please, give us a call. I’m personally licensed in 15 states to help you have a team that covers all states. Questions? Call me at 425-889-8889 Licensing info: Stephen Dellario, CPA, Branch Manager NMLS 175867 at Guaranteed Rate, Inc. NMLS 2611 Branch Address: 1750 N University Drive, Coral Springs, Florida, 33071 Equal Housing Lender For licensing, go to www.nmlsconsumeraccess.org Top 1% in the nation 2013-2025 NMLS 175867 Guaranteed Rate NMLS 2611 To access Guaranteed Rate: https://www.guaranteedrate.com/discla... https://www.guaranteedrate.com/licens... My State License Numbers: AK - AKMLO-175867, AR - Licensed, AZ - LO-1006147, CA - CA-DBO175867, FL - LO57331, GA - 72843, ID - MLO-2080175867, IL - 031. 0074669, MT - 175867, NV - 75950, OK - MLO32790, OR - 175867, SC - MLO - 175867, TN - 175867, TX - Licensed, WA - MLO-175867 Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.