Five Credit Habits Worth Reviewing Before You Buy
Your credit matters when you apply for a mortgage, but there is no instant fix or guaranteed score increase. Start with a clear picture of your finances and ask your lender what would help in your situation.
- Pay credit accounts on time and address missed payments promptly.
- Keep revolving balances low compared with available limits. Avoid carrying debt just to build a score.
- Be thoughtful about new accounts, especially during a mortgage application.
- Consider fees, spending habits, and the effect on available credit before closing an account. Keeping every account open is not automatically right for everyone.
- Check your credit reports and dispute errors through the reporting company’s process.
For guidance, see the Consumer Financial Protection Bureau’s credit information. Be cautious of anyone promising a quick repair or guaranteed results.
I can recommend a lender to help you understand your next steps. I’ll never pressure you to spend more than you are comfortable with. Let’s talk about your home-buying plans.
