Credit Score Tricks
Are you in the process of saving for a new 🏡? If so, this trick could save you thousands of dollars in the long run! Your credit score is one of the biggest factors that lenders consider when determining your home loan. If your credit score is low, it can cause your monthly payments and overall cost of the loan to 📈. However, if your credit score is high, you could save a significant amount of 💰 on your home loan.
One simple way to improve your credit score is by keeping your credit card balances low. Try to keep your balance at no more than 30% of your credit limit. For example, if you have a credit limit of $1000, aim to keep your balance at or below $300 before your next statement. This balance is reported to the credit bureaus, and a low balance can have a 📈 impact on your credit score.
By following this simple tip, you could potentially save thousands of dollars on your home loan. Start improving your credit score today and watch your savings add up! 🏡💰📈
📥 DM me to talk about how you can improve yours and take advantage of the savings today!