Are you planning to purchase a home within the next few months? Have you meet with a mortgage professional that has advised you that your credit score could use a lift? Perhaps you simply want the best rate or mortgage program available. Whatever the reason, the tips listed below can be used as a guide on three things you can do to raise your credit score.
Implementing these 3 tips away can jump start your credit score climb.
1. One of the first things you want to do is check your credit report for errors. Information incorrectly reporting on your credit report may be affecting your credit score. When information from creditors is reported to credit bureaus that information is not verified by the respective agency.
2. The next tip is not only a good way to improve your credit score but is also a good way to lower your debt to income ratio. If possible pay off the balance each month. Avoid 
maxing out your credit card balance.
3. Avoid opening new credit card accounts. This is something you want to do from the onset of deciding to purchase a home until after your loan has closed.
There may be and exception when the borrower has limited credit accounts and new accounts may be necessary to establish credit. The latter exception is usually done at the advisement of the mortgage professional.
If you have credit challenges within the last year consider waiting 12 months before applying for your mortgage. Take the necessary steps to resolve those challenges and when possible use an auto payment solution to pay your outstanding debts each month.
If you would like to receive additional tips regarding the home buying process, join our Savvy Homebuyer’s Tribe!
