Crush Your Credit Score!!!

Dated: 05/06/2019

Views: 68

Thinking about buying your first home?

Start at Square One, know your credit score. Pull your credit report from TransUnion or Equifax first.

Your loan officer will most check your credit score and ignoring any red flag won’t make it go away; worse, it can increase the best mortgage rate offered by lenders.

If you are certain your credit score is excellent, there are sometimes mistakes can turn up on any credit report. These can be resolved.

2. Hold off on significant purchases

Just before purchasing a home, and while paying off debt, don’t make significant purchases or acquire any new debt. This includes setting up a new store credit or new credit card.  

Lenders will examine credit scores as well as debt to income ratios. Any new debt will increase this ratio and make it harder for them to qualify for a mortgage (or get the best rates).


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Susy Thomas

Susy grew up in Detroit, graduated from Michigan State University. She has lived in San Diego for over 35 years. While working as a purchasing manager in the restaurant business she was offered the o....

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