Before applying for a mortgage, your credit score needs to be in the best shape of its lifetime. If you have a ton of student or credit card debt that you are struggling to pay off, now is not the best time for a mortgage. Having a lower score makes you more likely to be approved, and will most likely get you a smaller interest rate. For tips on building that credit score, check out this post by Popular AZ:
-Give yourself time- you will need to show 6-18 months of steady improvement
-Learn to read your credit report, contest any errors on it
-Make all payments on time- again, give yourself 6-18 months
-Pay off as much debt as possible
-Get a credit card, don’t spend more than 20% of your limit, and pay your bill completely off each month.
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