My understanding from lenders is if you pay them down to 50% or below and continue payment every month this will increase your credit score quickly. BUT...I would talk with you lender before doing anything.... more
you can still get a mortgage, but you will pay a higher rate. I suggest you run your own report or obtain one from the reporting agency. See what the reason was for he drop and try to correct it. If you are still in need of continuing, you can contact me and I'll put you in touch with someone that can help.
Madeleine Realty Ltd.