Your credit score is an important factor in determining if you will qualify for a loan and what loan terms you will be able to qualify for. Here are some tips on how to improve your credit:
1. Check for and correct errors in your credit report.
2. Pay down credit card bills.
3. Don´t charge your credit cards to the maximum limit.
4. Don´t purchase expensive items e.g. furniture for your new home on credit cards until the loan is approved. The amounts will add to your debt.
5. Don´t open new credit card accounts before applying for a mortgage. This will also lower your credit score.
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