At our Web3 Advisory, we don’t just guide you through another loan submission—we aim for a high acceptance rate by offering actionable advice and a unique approach that makes your submission stand out. Here are five key tips to help you get pre-qualified and position yourself for success:
1. Optimize Your Credit Utilization
One of the simplest ways to improve your credit score is by paying down smaller balance credit cards with higher credit limits. This increases your available credit, which can significantly boost your score.
- Pro Tip: Focus on reducing balances to below 30% of your total credit limit to demonstrate financial responsibility.
2. Track Your Finances with Precision
Having a clear understanding of your financial picture is crucial during pre-qualification. We recommend using Monarch, a budget app that tracks everything from expenses to loan payments and even crypto investments.
- Why Monarch? It provides a holistic view of your finances, helping you stay on top of budgets and payments while planning for long-term goals.
3. Leverage Bitcoin and Ethereum for Financial Stability
Owning even a small amount of Bitcoin or Ethereum is a smart move, as these assets can act as a financial cushion.
- Bitcoin: A proven store of value.
- Ethereum: Think of it as a tax-friendly growth asset that could help cover future tax obligations when sold strategically.
4. Build a Financial Narrative
Lenders look for more than numbers—they want to see stability and a plan. Use tools like Monarch to show:
- Consistent budgeting.
- On-time payments.
- Making half payments that add up to the whole in one payment cycle.
- Smart investment choices (even small crypto holdings demonstrate forward-thinking financial habits).
- This narrative not only helps lenders trust you but also positions you as a well-prepared borrower.
5. Take Advantage of Unique Opportunities
Our approach includes staking rewards that help you reduce your loan balance over time. This innovative Web3 angle shows lenders that you’re not just seeking a loan—you’re actively working to manage and reduce debt.
By following these steps, you not only increase your chances of approval but also position yourself as a strong borrower with a future-focused mindset. Our goal is to make your submission worthwhile, giving you the confidence to take the next step toward your dream home.