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Credit scores, along with your overall income and debt, are a big factor in determining if you’ll qualify for a loan and what loan terms you’ll be able to qualify for.

1.A� Check for and correct errors in your credit report.A� Mistakes happen, and you could be paying for someone else’s poor financial management.

2.A� Pay down credit card bills.A� If possible, pay off the entire balance every month.A� However, transferring credit card debt from one card to another could lower your score.A�

3.A� Don’t charge your credit card to the maximum limit.

4.A� Wait 12 months after credit difficulties to apply for a mortgage.A� You’re penalized less for problems after a year.

5.A� Don’t purchase big-ticket items for your new home on credit cards until after the loan is approved.A� The amounts will add to your debt.

6.A� Don’t open new credit card accounts before applying for a mortgage.A� Having too much available credit can lower your score.

7.A� Shop for mortgage rates all at once.A� Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquirey if submitted over a short period of time.

8.A� Avoid finance companies.A� Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.A�

This information is copywrited by the Fannie Mae Foundation and is used with permission of the Fannie Mae Foundation.A� To obtain a complete copy of the publication, “Knowing and Understanding Your Credit,” visit� Reprinted from REALTOR Magazine Online by permission of the National Association of REALTORS. Buy where to buy nexium over the counter in canada order hytrin generic

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