3 Credit Mistakes to Avoid If You Want To Buy Your Home

1. 3 Credit Mistakes to Avoid If You Want to Buy Your Home Are you eyeing that perfect home for sale Livingston? Has your licensed real estate agent Livingston shown you the home that you have always wanted to buy? Well, if so, then one of the most important things that you need to do (of course, besides saving some money for the down payment) is to maintain good credit. http://www.livingstonforsale.com

2. Having a good credit score can significantly up your chances to get the mortgage amount you are in need of. But, do you even know that unintentionally, you may be making some mistakes that may be ruining your credit? Scary, isn’t it? Let’s just take a look at some of these mistakes that you surely need to avoid if you want to move to your own place soon. Missing A Bill Payment Yes! This one tops the list, without any doubt! When you make late bill payments, or do not make any payment at all, you do nothing but make a rod for your own back. Missed bill payments negatively impact your credit. Thus, it is important to set up alerts on your mobile that will help you keep a track of the bill payments that you http://www.livingstonforsale.com

3. have to make –so that you don’t miss any of those payments in the future by mistake. Relying Too Heavily On Credit If you are one of those people who may be relying on credit alone, then treat it as a red flag as your credit score may be getting compromised. Yes! Even if you are paying it out in full. Spending your cards quite often and then paying off the balances in full, on time, every time, may lead to a negative impact on your credit score if you are maxing out the card every month. Thus, it is important to maintain good amount of credit limit on your card if you want to improve the score in the long run. Not Relying On Credit at All http://www.livingstonforsale.com

4. Purchasing that home of your dreams demand more than just saving sufficient amount of money for making the down payment. You may be trying to be a good borrower by not using credit at all, but it won’t do any good. If you won’t use your card at all, then what is it that the lenders will check to assess your credit worthiness? While not using a card is a wise decision if you don’t want to miss on payments or spend money extravagantly, not using credit may be negatively impacting your score. Lenders would want you to use your credit wisely and paying it off responsibly, without any fail, and this can only happen if you show them that you are good at doing that. Thus, if you want to prove that you are a responsible borrower, then act like one, but don’t escape credit if you don’t want to hurt the score. Have you committed any such mistakes that may be hampering your credit score? If so, then share your comments and let others learn from your experience. Resource: http://www.sooperarticles.com/real-estate-articles/buying-home- articles/3-credit-mistakes-avoid-if-you-want-buy-your-home- 1556810.html http://www.livingstonforsale.com