Boost Your Credit Scrore When Preparing to Buy a Home

Are you preparing to purchase a home? If you’re financing, a critical step is building a solid credit score. Did you know that a higher credit score can result in a better mortgage rate? An article from CNBC explains:

“When it comes to mortgages, a higher credit score can save you thousands of dollars in the long run. This is because your credit score directly impacts your mortgage rate, which determines the amount of interest you’ll pay over the life of the loan.” – CNBC

So, what is a “solid” credit score? In an article from Business Insider, they say:

“. . . you don’t need a perfect credit score to buy a house. . . Aiming to get your credit score in the ‘Good’ range (670 to 739) would be a great start towards qualifying for a mortgage. But if you’re wanting to qualify for the lowest rates, try to get your score within the ‘Very Good’ range (740 to 799).” – Business Insider

Check out this article by Experian on ways to improve your credit score: https://www.experian.com/blogs/ask-experian/ways-to-improve-credit/.
Some of these are:
✅ Pay all of your bills on time
✅ Pay down credit cards to lower your Debt-to-Income ratio
✅ Apply for credit only when you really need it

I work with a fantastic mortgage lender. Together, we can help get you the answers to your questions. Contact me and let talk! 📱🤙📧

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