How to Improve Credit Score When Planning For A Mortgage Loan?

Credit Score matters while buying a home because lenders want to make sure you’ll be able to pay your loan back on time

4 ways to improve your credit score,

  1. Make sure there are no errors on your credit report, if there is, contact each credit reporting agency with proof on why it is inaccurate, then contact the company that misreported this information

  2. Pay your bills on time

  3. Avoid opening new accounts and do not close accounts you already have open

  4. Pay down debt, especially credit card debt. This will also help you lower your DTI that Stephen previously spoke about in our last video 

Remember, mortgage loans aren’t one size fits all so don’t be discouraged, reach out to talk to the GiGi Burk Group about your goals and the best plan for YOU

Allison Deemes