Posted in

5 Ways to Improve Real Estate Marketing to Seniors

In 2020, more than 39 percent of homebuyers were over 55 years old, according to the National...

Digital Marketing for Real Estate Agents: 5 Rules to Know

Digital marketing works. There’s no getting around it. For something that didn’t exist just a...

3 Mistakes to Avoid When Entering the Real Estate Market

Real estate can be a tricky market to master. If you’re buying your first starter home or buying...

5 Steps To A Healthier Home

Being healthy at home isn’t just about your diet. Sure, healthy eating is a wonderful...

Home Improvement: Adding Flare to a Builder Grade Home

Purchasing a new home an exciting, emotional experience – and going with a professional builder...

Homes & Land Blog > Looking to Buy a Home? 3 Ways to Up Your Credit Game

Looking to Buy a Home? 3 Ways to Up Your Credit Game

thumbIf you’re in the market for a house then you’re in the market for a loan, and the best way to lock down a good interest rate on that loan is to supercharge your credit score. Without good credit, you could end up paying tens of thousands more in interest on your loan. Before you can do anything, though, you’ll need to know what your credit score is.

There are a couple of different ways you can do this: First, depending on your credit card, you may already have access to a credit score through their online portal. If your card provider doesn’t provide this, then you can still access your credit score through a few free online services such as,, or 

Once you have your score, you can start to making changes to pump up your credit game!

shutterstock_2583525501. Pay down your credit cards, don't transfer.

Don’t do a balance transfer unless you absolutely have to. Credit rating agencies are wise to that trick nowadays, and it won’t help your general score. Only transfer if you aren’t able to keep up with interest rates. Otherwise, pay them down the old fashioned way.

If you’re only carrying minimal balances on your cards, then pay those down too. Make a habit of using only one or two cards for daily use, and try to avoid nickel and diming yourself back into debt.

2. Pay your bills on time and avoid risky behavior

It may not seem like it, but an unpaid medical bill can hurt your credit score just as much as missing a small payment on your credit card. You should also try not to engage in behavior your creditors view as risky; these can include payday and title loans, or even something like buying a guitar at a pawn shop. You’ll thank yourself when you lock in a decent interest rate for your new home.  

3. Use only what you need

shutterstock_482542273If you’re thinking about making any new major financial moves, it’s best to hold off since it could negatively impact your credit. Try to keep your financial situation as stable as humanly possible. Don’t buy a new car, don’t open a new credit card account, and try not to move until you’re moving into your new home. Keep things on an even keel until you’re locked in at a good rate with your lender.

Finally, if the above advice seems impractical or you’re having trouble implementing any of these steps due to your own personal financial situation, then consider seeking out professional help. A financial planner or credit coach may be able to help you talk down any debt issues you’re having and help you on improving your credit score so you’ll be able to get a better deal down the road.

Learn something new? Want to pass an idea to a friend?
Share the knowledge with your network!

Building a home, Credit, Home Values, Credit & Mortgage, credit score, buy home, Buying a Home, The buying journey, Buying Land, Featured, Real Estate Markets and Investing, Insurance, interest rate, Mortgage, Moving

Select a Category

See all

Recently Added

5 Ways to Brand Yourself as a Real Estate Agent

Attention to detail is everything when it comes to personal branding for real estate agents. Real estate branding is not unlike any other business…

Read More »

Buying Your First Home During Uncertain Times

Buying your first home in the best of times is a major life decision. Buying your first home during uncertain times can be a truly terrifying prospect…

Read More »

10 Real Estate Marketing Strategies to Grow Your Business

Here's the worst kept secret in the real estate industry: it's tough! It ebbs and flows. It moves from a buyer's market to a seller's market, sometimes…

Read More »

Leave a Comment Below