Here are the 3 tips that will help you to keep your credit score high because once it gets low your mortgage options get in danger:
1. Pay your bills on time
The reason for getting a low credit score mortgage is not paying your bills on time. Yes, if you clear your bills after the due date, it will affect your credit score. It would be better if you pay them before the due date or else you will have to go for help to buy a poor credit mortgage.
2. Try to use your credit card in limit
Help to buy poor credit mortgage doesn’t get accepted all the time. You should use your credit card to the limit. You can use it between 30% to 50% of its limit.
3. Never close your credit card account
If you don’t want to get a low credit score mortgage in the future then never close your credit card account. It will affect your credit score that basically plays the role of a CV when you apply for a mortgage.
The final words:
The mortgage lender is going to look at your credit score before they approve or reject your mortgage application. So, you need to keep it high if you want to get your mortgage approval.