Wondering how to improve your credit rating? Of course, it’s easy to fall in love with the idea of buying a house. You’ve got it all planned out: a five-bedroom home in your favorite neighborhood with a manicured lawn and, why not?, a nice pool.
But if you’re going to get a mortgage (and let’s face it, most homebuyers do), you’ll probably need to improve your credit score, also known as a FICO score, a simplified calculation of your debt and repayment history. regular loan payments. If you’re borrowing money to buy a home, lenders want to know you’ll pay their timely return, and a credit score is an easy estimate of these ratings.