Considering A New Home Next Year Start Now And Get A Jump On Improving Your Credit Score

Dated: 11/07/2017

Views: 163

Considering a New Home Next Year? Start Now and Get a Jump on Improving Your Credit Score

Considering a New Home Next Year? Start Now and Get a Jump on Improving Your Credit ScoreIn the market for a new home in 2018? With the new year just a few short weeks away, that leaves you with precious little time to get your finances in order. Let’s explore a few tips that will help you get a jump on improving your credit score before the end of the year.

Grab A Fresh Copy

The first step is to order a fresh copy of your credit report from one of the major agencies. The Fair Credit Reporting Act allows you to access a free copy of your credit report once every 12 months. So, if you have not ordered a copy recently, it is time to do so. You can access this free service through AnnualCreditReport.com, which is a website recommended by the Federal Trade Commission.

Clean Up Anything Outstanding

Now that you have a copy of your credit report, it’s time to go through it, line-by-line. You should recognize every current and outstanding account in the report. Any balances owing should be in order and reflect how much you owe. It’s critical that you flag any mistakes or old debts that you have already paid in full. If you come across anything that shouldn’t be on your credit report, call the reporting agency to let them know. If necessary, they will assist you with challenging the issue.

Pay Down Those High-Interest Debts

The final tip in today’s guide is to prioritize your outstanding debts so that you can pay them off more efficiently. The essential debt payments are your mandatory minimums, which you need to pay to avoid being sent to a collection agency. From there, try to pay off your debts with the highest interest rates first. Getting these paid off faster means that over time, you’re spending less on interest payments. Moreover, you can use that extra cash to pay your debts down further.

The above are just a few of the action steps that you can take today to start improving your credit score. When you’re ready to discuss a mortgage for your new home, give our team a call. We will be happy to advise you on the mortgage offer that suits your needs, budget, and credit.

For More Info Visit: http://www.bondstreetmortgage.com

Want to Advertise on this Site?

Latest Blog Posts

West Belmar Beach House Just Listed Only 325k

MOVE-IN Ready beach home with large fenced-in backyard in sought after West Belmar! Home features hardwood floors, Hunter Douglas shutters, living room, family or dining room, eat-in kitchen with

Read More

How Do I Know If Its A Good Idea To Refinance My Mortgage

Are you interested in paying less per month on your mortgage? Or perhaps you would prefer if your mortgage was paid off a couple of months – or years – faster? If you are a homeowner with a

Read More

158 Lawrence Ave Ocean Grove Open House Feb 16 Offered At 549k

2001 built colonial with 3 bedrooms and 3 full baths - Offered at $549,000A huge rocking chair front porch welcomes you. The first floor consists of the living room, dining room and newer kitchen

Read More

Just Listed In Ocean Grove

Offered at $399.999 - 130 Stockton Ave. Ocean GroveCharming beach house or year-round residence with large back yard and newly refinished hardwood floors. Home was originally 2 bedrooms, plenty of

Read More