Your credit score is an incredibly important number when purchasing a home. It determines whether your loan application is approved and even how much interest you'll wind up paying over the life of the loan. Improving your score prior to applying for a mortgage is a crucial step to the homebuying process.
Hello, and welcome to another WIN Home Inspection video blog!
The first thing you need to do is obtain a copy of your credit report and comb through it for errors. A quarter of all applicants who walk away without a home loan had errors on their credit reports.
Paying off debt in full and on time will help improve your credit score. Create a system that works for you to maintain low balances or even better, eliminate debt.
Thank you for tuning, and learning a bit about how to improve your credit score.