A good credit score is important if you’re thinking about purchasing a home. Your credit score impacts the interest rate that you can get for a mortgage. It also can impact your ability to qualify for certain types of home loans. And if it’s really low, you may have to work on it for a while before qualifying for a home loan.
What’s the best way to increase a credit score? Here are three things that people with good credit scores have in common:
Consumers with high credit scores often enjoy lower rates for mortgages, especially important in the current economy, and other types of consumer loans and lower premiums on some types of insurance policies. Raising your credit score is an empowering journey that requires discipline, consistency, and financial responsibility. With mindful financial practices, you can pave the way toward recognizing your dream of home ownership.