There are a variety of factors that are involved in getting your mortgage approved, but few things will have more of an impact than your FICO score and the credit history that goes along with it. Instead of leaving your score up to chance when submitting your application, here are a few ways that you can boost your financial well being and leave your credit score better off than it was before.
Put More On Your Card
It’s important to put purchases on your credit card that you can afford to pay off consistently, but many people are not aware that how much debt you owe can actually positively contribute to your credit score. While it’s good to use up to 30% of your available debt load, a significantly higher percentage than this can be a signal to lenders that you are experiencing financial difficulties. By putting everyday items on credit, it will be easier to give your score an instant boost.
Clear Your Credit History
Many people who think they have bad credit are too afraid to even review it, but it’s very important to take a look at your credit history when it comes to taking control of your finances and your FICO score. If there happens to be incorrect information on your credit report, this will enable you to contact the appropriate lenders and dispute the charges so they can be corrected prior to your mortgage application. It may not seem significant, but this can actually have a marked impact on the outcome of your application.
Make Your Payments On Time
It’s often the case that those who are struggling with debt may push away the bills altogether and give up on the minimum payment, but it’s very important that the minimum is made to keep your financial health in check. It may take a few months to see the results of putting down this amount before the due date, but it will improve your credit over time and forge good habits for the future.
Your credit score is an important aspect of determining your financial health for lenders, and this means that your credit history is of significant importance when it comes to your mortgage. Instead of leaving it up to chance, ensure that you’re making the minimum payments and correct any discrepancies in your credit report.
If you’re currently in the market for a home and are considering your options, give me a call for more information – J.P. Cook – 602-320-4253.
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30924 W Catalina Drive
Buckeye, AZ 85396
$459,000
4
Beds
3
Baths
2,684
SqFt
Status
Active
MLS #
6673783
Property Type
Single Family Residence
Price Type
--
Explore the possibilities of this corner-lot home in Tartesso, offering an assumable low-rate FHA loan for qualifying buyers. With a practical design, this 2020-built DR Horton Onyx model features 4 bedrooms plus a flex room/den and 3 full baths. All bedrooms boast walk-in closets, and the front guest bedroom has a full ensuite bath. Inside, discover wood-look tile floors, recessed lighting, 2'' blinds, and a large great room with a double slider and electric fireplace. The kitchen is very functional with white cabinets, granite counters, a center island with a breakfast bar, walk-in pantry, modern pendants, and stainless-steel appliances. The primary bedroom is spacious and directly off the main living area. The primary bath includes an extended vanity, double sinks, a separate tub and shower, and a massive walk-in closet. Huge laundry room with plenty of space for an extra fridge or freezer. Great corner lot with a backyard large enough for endless upgrades. Create your own backyard oasis in the desirable community of Tartesso!
914 E Osborn Road
Phoenix, AZ 85014
$459,000
1
Bed
2
Baths
1,338
SqFt
Status
Active
MLS #
6672294
Property Type
Apartment
Price Type
--
Experience the ultimate urban lifestyle at the prestigious and award-winning Artisan Lofts on Osborn in Downtown Phoenix, situated conveniently across from Phoenix Country Club. This 1-bedroom, 2-bathroom unit spans 1,338 square feet and boasts contemporary urban design, an open layout, concrete floors, exposed ductwork, brick walls, new quartz countertops and state-of-the-art appliances. The building offers a range of amenities including a community pool, fitness center, rooftop deck, and secure parking garage. Each unit in this distinctive urban community is a unique masterpiece, just moments away from Central Avenue and the vibrant attractions of the Downtown Phoenix Corridor.
3928 E Branham Lane
Phoenix, AZ 85042
$459,000
3
Beds
2.5
Baths
1,708
SqFt
Status
Active
MLS #
6675226
Property Type
Single Family Residence
Price Type
--
Well maintained home in a nice gated Blossom Hills subdivision. Main bedroom suite on ground floor, spacious loft and 2 bedroom and a bath on the second floor. Open great room with kitchen, living and dining space with a half bath and Harry Potter closet under the stair and a nice size laundry room. 2 car garage, shared driveway. Wood look tile on the main floor and newer carpet on stair and upstairs loft and bedrooms. Easy freeway access. Seller related to Listing Agent. There is a one time Benefit Working Capital Fee of 114.00
8917 N 65th Drive
Glendale, AZ 85302
$459,000
4
Beds
2
Baths
1,760
SqFt
Status
Active
MLS #
6685460
Property Type
Single Family Residence
Price Type
--
This is the best house in the neighborhood! It has been completely remodeled by a licensed contractor. The house features a new roof and HVAC system, as well as fresh paint both outside and inside. Additionally, there are new tile floors throughout the entire house. As you enter, you'll be greeted by a spacious living room filled with natural light. The kitchen has undergone a complete transformation with new cabinets, quartz countertops, and stainless steel appliances. Both bathrooms have also been completely redone, including new vanities, cabinets, countertops, fixtures, and tiled showers. Outside, you can enjoy the patio and the low-maintenance yard. Don't miss out on the opportunity to own this beautiful home.
