Top 3 Tips to Increase Your Credit Score!

By Caroline Abkar, REALTOR®, B.Sc.Eng.
5/29/2020

 

Why is it important to increase your credit score? A high credit score means a better interest rate when it comes to applying for a mortgage loan. And a better interest rate means you pay less every single month to own your home!

There are several factors that affect your credit score, but these top 3 tips are the ones that will increase your credit score most.

Tip #1 to increase your credit score: Pay your bills on time.

Tip #2 to increase your credit score: Keep your credit card balance and utilization ratio as low as possible.

Tip #3 to increase your credit score: Don’t apply for a new credit card if you will be applying for a loan in the near future.

Watch the video for all the details around these 3 tips.

As always, if you have any questions or need help buying or selling a house, please reach out!

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🏡 Caroline Abkar, REALTOR®, B.Sc.Eng.
Your Trusted Realtor and Advisor For Life
Windermere Homes & Estates
DRE# 01998434
Cell: 619.808.4804
www.yoursandiegorealty.com

About the author: Caroline Abkar is an established San Diego Realtor and Bay Park resident who is absolutely passionate about the community as well as representing her clients in selling and acquiring the biggest investment of their lives. A former successful engineer & project manager, she is very detail-oriented and will go above and beyond for those who place their trust in her. You can contact her anytime at 619-808-4804.

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Posted on May 29, 2020 at 9:14 pm
Caroline Abkar | Category: Real Estate Tidbits | Tagged , , , , , , , , , , ,