Home Buyers Guide

Credit Do’s and Dont’s



Stay current on your existing accounts.  One late notice can cost

Continue to use your credit conservatively.  Pay up charged up balances down before your next statement date to avoid credit score decreases

Call your mortgage professional before any changes that would affect your credit



Apply for new credit as it may lower your score

Max out credit cards.  Keep balances below 30% of their limit

Consolidate your debt.  Avoid maxing out any card or loan

Close credit card accounts.  This may throw off your debt ratio.

Pay off collections or “charge offs”.  Do this only after consultation with loan officer.