Good Credit Habits to Keep in Mind

Do you have an upcoming home purchase? The importance of good credit is essential to earning the best interest rate and terms on a mortgage. 

Credit Habits to Consider

Stay current on existing accounts.

Even a single 30-day late notice on your accounts may reflect poorly.

Remain consistent with credit usage.

A sudden change in purchasing or spending behavior can be a red flag. 

Connect with a Mortgage Loan Professional.

Don't wait to connect with a Mortgage Loan Professional when considering purchasing a home. This person can answer your questions and concerns and ensure you are positioned correctly for your upcoming purchase. 

Make sure not to use all your available credit.

Be sure not to max out your credit cards. When credit limits reach their max, it can hurt your credit score.

Maintain your role within your current career path.

Before changing jobs or careers, check with your Mortgage Loan Professional. These changes can impact your qualification and borrowing ability.

Ensure the bank ledger is in the green (don't overdraft).

Keep all of your bank accounts in the green and with sufficient funds available. You may choose to keep the Down Payment in a separate account altogether. 

Allow only "soft pulls" on your credit.

Multiple "hard pulls" on your credit will decrease the score. However, a "soft pull" will not have any impact.