The fastest way to improve your credit before buying

Want to raise your credit score quickly before purchasing a home? Here are the most effective strategies that can actually move the needle in a short timeframe.

First, pay down your credit card balances to under 30% of their limits. Ideally, you want to get them under 10% if possible. Credit utilization is one of the biggest factors in your credit score, and this change can often show up within 30-60 days.

Here's why this works: if you have a $1,000 credit limit and you're carrying a $500 balance, you're at 50% utilization. Pay that down to $200, and you're at 20% utilization. That single change can boost your score significantly.

Second, don't close any accounts, even old ones you're not using. I know it seems logical to close accounts you don't need, but this actually hurts your credit in two ways: it reduces your available credit, which increases your utilization ratio, and it can shorten your credit history length.

Keep those accounts open, even if you're not using them. You don't need to use them regularly—don't close them.

Third, ask for credit line increases on your existing cards, but don't use the extra credit. Call your credit card companies and request increases to your limits. Many will approve increases automatically, especially if you've been a good customer.

This immediately improves your utilization ratio because you now have more available credit relative to your balances. But here's the key: don't spend the extra credit. The goal is to improve your ratios, not to increase your debt.

Here's why this all matters for home buying: your credit score directly affects your interest rate, and your interest rate directly affects your monthly payment. Even a difference of half a percent in your rate can save you tens of thousands of dollars over the life of the loan.
Plus, a better credit score might qualify you for loan programs with better terms or help you avoid paying private mortgage insurance.

To learn more, go to: https://travisegan.com

The bottom line: every credit point matters when you're buying a home, and these strategies can help you maximize your score before you apply.

DM me if you're ready to get pre-approved and see precisely how your current credit profile affects your buying power and what rates you might qualify for.

If you find this content valuable, please give it a thumbs up, leave a comment with your thoughts, and share it with someone who might be working on improving their credit. Remember, I'm here to help. Semper Fi.

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