What is a credit score and how can it affect your homebuying 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 mortgage, but it can also deliver a better rate. As you are looking for a new home, be sure to keep your credit in check. Check out these four tips that may help improve your credit score.
Before you start on your house hunting journey, shop with confidence and get pre-qualified in minutes and pre-approved in one business day so you know what’s in your budget.
Here Are Some Tips To Consider:
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.
Be sure to keep your credit card balances low. Having a low balance while regularly using your credit cards may improve your credit score.
Clear up any past due payments on your record and double-check your credit report to ensure accuracy.
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 home? The options and benefits available may surprise you!
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Find the perfect home loan for your unique goals and financial situation.
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 lifetime of your loan, and well into the future as your trusted partners.
Before you have found your dream home, get pre-approved for FREE. Once all information is submitted, we will provide your pre-approval the next business day.
Monitor and update your perfect home loan as your mortgage needs and goals may change over time.
With our AmeriHome Rewards program, when you finance with us ONCE, you’ll save $1,095 on ALL future refinances or home purchases.*
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*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. 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.