Manage episode 204881306 series 1280679
Recently I was asked an interesting question: Should lines of credit be closed once they’re paid off?
In general, no. If you’re searching for a home, this is especially important. One of the main ways lenders will judge your status will be by looking at your credit ratio.
If you have any other questions or would like more information about this topic or about building wealth through real estate in general, feel free to give me a call or send me an email. I look forward to hearing from you soon.