Making sure your finances are in order is an important step to purchasing a new home. Here are some tips:
Improve your Credit Score
- Pay your bills on time
- Shrink your credit ratio
- Pay off your credit card but don’t close it
- Get up to date on any outstanding debts
- Check credit reports for any errors
- If possible, avoid opening any new cards
Get your Finances in Order
- Establish a separate account for a down payment
- Avoid large deposits
- Minimize credit inquiries
- Review credit report with your Loan Officer
Have questions? We are here to help.
