One of the most critical aspects of your financial state, when you’re buying a home, is that of your credit score. Credit scores take your entire economic history into account. That means every missed payment, every account opened, and that three-digit number represents every debt you owe. Once you obtain your credit score and assess your finances, if you realize your score needs help, you may feel desperate. The good news is that you’re not helpless. There are plenty of things that you can do to raise your credit score in a short time to increase your chances of getting a better rate on a loan for your home purchase. Read on for some tips on how to improve your credit score.

Keep An Eye On Your Credit Card Balances

One of the most impactful factors on your credit score is how much debt you have. How much debt you have versus how much available credit you have is a significant factor in your score. If you pay your balances in full each month, that’s great. Keep in mind that even if you do pay off your balances that monthly balance amount affects your score as well. Paying off your outstanding credit card balances will have a positive effect on your score.

Remember Some Debt History Is Good


Once you pay off a car or home loan, it can be tempting to want these accounts removed from your credit history. When you’re getting a home loan, the lender wants to know that you’re reliable. If you can show that you have responsibly paid off other loans that can only be a positive thing for you and your credit score. Don’t be so quick to remove old accounts that have been paid off from your report. 

Pay On Time

If you pay your bills on time continuously, it can only bring your score up. If our rating needs help, this could be the most critical thing that you can do to raise your score.

Keep Your Payments Equal Over Time

Keeping your payments equal means that you shouldn’t start charging more than you usually would. You also shouldn’t begin to make lower payments than you have been. Keeping your spending and payments consistent can help you to raise and maintain a good credit score.

If you know you’ll be purchasing a home soon; you should check your credit score. If you’re not close to heading out on the home search, you can pull back a bit. While you always want to maintain good credit health, you shouldn’t be so focused on your credit score that you forget about other things like saving for a downpayment. Know that your credit score is essential in buying a home, but understand that there are many moving parts when it comes to buying a home. 

Tagged with:
 

Custom built 4 bedroom 2.5 bath Contemporary Ranch style home shows like new with all the bells and whistles! Hardwood flooring throughout this wide open floor plan, Living room w/wood stove/fireplace and cathedral ceilings. Kitchen/dining offers bow window, granite, gas cooking and pantry. Master suite has cathedral ceilings and bow window. Huge room over garage is 4th bedroom or family room. Central air, irrigation, outside shower and 2 car garage. Walk out lower level is studded and plumbed for added space. Abutting over 60 acres of Town Conservation land. Very Private. Close to everything!!

This is a Contemporary/Ranch style home and features 7 total rooms, 2 full baths, 1 half bath, 4 bedrooms, 1.24 Acres, and is currently available for $449,000.

For complete details click here.

Custom built 4 bedroom 2.5 bath Contemporary Ranch style home shows like new with all the bells and whistles! Hardwood flooring throughout this wide open floor plan, Living room w/wood stove/fireplace and cathedral ceilings. Kitchen/dining offers bow window, granite, gas cooking and pantry. Master suite has cathedral ceilings and bow window. Huge room over garage is 4th bedroom or family room. Central air, irrigation, outside shower and 2 car garage. Walk out lower level is studded and plumbed for added space. Abutting over 60 acres of Town Conservation land. Very Private. Close to everything!!

This is a Ranch style home and features 7 total rooms, 2 full baths, 1 half bath, 4 bedrooms, 1.24 Acres, and is currently available for $449,000.

For complete details click here.

Barnstable, MA:

This Single-Family in Barnstable, MA recently sold for $310,000.
This is a Ranch style home and features 4 total rooms, 1 full bath, 2 bedrooms, 0.34 acres, and was sold by
Brian Cobb – CENTURY 21 Cobb Real Estate

Tagged with:
 
Set your Twitter account name in your settings to use the TwitterBar Section.