Extra Credit

When it comes to purchasing a home, most buyers begin to worry about their credit scores well ahead of time. In fact, in today’s market, homebuyers know that having a great credit score can give them the edge they need amongst other buyers out there. However, there’s more to the equation than just having a solid credit rating…and there are certain mistakes buyers need to steer clear of leading up to the homebuying and mortgage application process in order not to get red-flagged. Yahoo Finance issued a list of credit problems and mistakes to avoid if you’re in the market to buy, including late payments, carrying high credit balances, and applying for new credit. Though some of these may seem fairly harmless, applying for new credit, for example, can indicate an increase in spending and thus, additional, debt in the foreseeable future. Take heed and avoid these credit mistakes to achieve¬†your home dreams!

Keys-to-the-best-FICO-score

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