As you shop for a new home, you probably hear a lot of tips for getting a mortgage. Improving your credit is one of the most vital.
How It Helps
Your credit score is a reflection of how you manage your debt and how responsible you are at paying bills. If your score is on the low side, make sure you pay down your credit card balances to 15 percent or less of the limit. It’s also a good idea to review your report and fix any errors. Working with a credit specialist can help too.
Raising your score even 20 or 30 points can make a significant difference in whether you qualify for the loan you need. Don’t wait until it’s too late to take action.
