Your credit score plays a big role in the homebuying process. It can influence what interest rates you're eligible for, as well as what options you have for loans in general.
If your current score isn't as high as you'd like, don't lose hope. You can boost your score and improve your chances of qualifying for a mortgage or a better rate. Here are a few ideas that can help:
Additionally, don't open any new credit cards, take out a new car loan or put extra purchases on your existing cards when gearing up for a home purchase. Though this won't improve your score, it will keep it from getting worse -- and that's just as important.
A picture-perfect financial history isn't necessary to buy a home, but having good credit helps. If you have questions about how it affects the mortgage process, get in touch.
Content provided by Outbound Engine.