What is a credit score and how can it affect your home financing journey? A credit score is a number that represents your credit risk. Credit scores can range from 300-850, and a higher credit score not only improves your ability to qualify for a new mortgage or refinance, but it can also deliver a better rate. If you are looking for a new home or want to change the terms of your current home loan, be sure to keep your credit in check. Check out the four tips below that may help improve your credit score.
The popular homebuying season is upon us and if you have plans to purchase a new home this year, shop with confidence and get pre-qualified in minutes and pre-approved within the next business day so you know what’s in your budget.
Here Are Some Tips To Consider:
Your Bills
Paying all your bills on time is one of the easiest ways to boost your credit score. This includes making your credit card payments, utilities, medical bills, and any other payments you may have on time.
Credit Cards
Be sure to keep your credit card balances low. Having a low balance while regularly using your credit cards may improve your credit score.
Past Payments
Clear up any past due payments on your record and double-check your credit report to ensure accuracy.
Co-signers
If you’ve co-signed on any other loans, know that your credit can be affected by any late or missed payments on that account.
Don’t know where you stand? Contact one of our Home Loan Experts at 877.785.5422 to get a free credit checkup. Most credit card companies also give you monthly updates on your credit scores as one of their account-holder benefits.
Looking to start your journey to your new home? The options and benefits available may surprise you!
Get Started Today With:
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Various Loan Options Find the right home loan for your unique goals and financial situation. |
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Expert Guidance Our Home Loan Experts are here to help by sharing their knowledge and setting you up for a successful process from application to close, throughout the life of your loan, and well into the future as your trusted partners. |
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Pre-Approval Before you have found your dream home, get pre-approved for FREE. Once all information is submitted, we will provide your pre-approval details within the next business day. |
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Mortgage Checkups Monitor and update your home loan as your mortgage needs and goals change over time. |
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Get Extra Savings Save $750 on all your new home purchase loans with your AmeriPurchase+ Benefits.* |
We can help guide you through every step of the home financing process. To get started, just give us a call at 877.785.5422 or get your instant rate quote here.
Imagine The Possibilities With Your Better Home Loan!
*As a member of the AmeriHome family, borrowers are part of the AmeriWallet Rewards program. If you completed a home loan with us once, you will qualify for a $750 lender credit for all of your future refinances or home purchases done with AmeriHome, for any property you own. To qualify for this offer, you must have previously financed the purchase of a home or refinanced with AmeriHome. You have financed with AmeriHome when AmeriHome Mortgage Company, LLC appears on the previous Promissory Note for your loan, and you are listed as a borrower on the Note. Credits will be applied only if your loan closes with AmeriHome. This offer can not be combined with any other offers and is not applicable for FHA Streamline, or VA IRRRL Refinance transactions. Other restrictions may apply. Terms and conditions are subject to change. AmeriWallet Rewards program is subject to termination without notice.
