How to Close on Time – Credit – Team Aalto at Advantage Mortgage

Credit is one of the very biggest factors when getting an approval. Our quick list:

Check your credit score and credit history well in advance of your purchase. The only true legitimate site is www.annualcreditreport.com
Make sure to have at least one credit card that is used regularly – paying it off at the end of the month is fine
Pay your revolving and installment loans on time – every time. Current and past credit history is the best indicator of future credit history
Don’t take out new debt while you are in the middle of a purchase – this may sound basic but it can ruin your transaction

Next week we’ll tackle what to do if there are issues with the credit report.

Have a great Monday!