As a mortgage broker, we constantly work with credit scores. And often times, clients want to know what they can do to improve their credit scores.
5 Easy Steps to a Higher Credit Score
So here is a list of 5 simple things you can do to improve your credit scores:
#1 Use Credit
#2 Use Different Types of Credit
#3 Pay Your Bills in a Timely Manner
#4 Keep Balances Relatively Low in Relation to Credit Limits
#5 Check Your Credit at Least Annually
Do you want to learn more about your credit score? We have articles to help you understand your credit score better.
- What Is a Credit Score?
- How can you improve your credit score?
- 5 Easy Steps to Improve Your Credit Scores
- 7 Credit Score Misconceptions
Perhaps best of all, American are finding it easier to buy a home with a lower credit score, which is indicative of an improving economy.
Check Your Credit Score Before Shopping for a Home
If you are thinking about shopping for a home, the first thing you want to do is be pre-approved for a mortgage. By being pre-approved, you know your max budget for a home, and sellers take you serious when negotiating for a home.
Before you get a mortgage pre-approval in order to shop for a new home, you want to check your credit score and correct any errors. And certainly, if there is something you can do to achieve a higher credit scores, you want to do it.
When you are ready to start shopping for a home, please let us help you get started with a mortgage pre-approval. Then we can help you along the process of buying your dream home.