It’s no secret that you need to have a decent credit rating to qualify for a mortgage whether you are getting ready to purchase a property or refinance one that you already own. There are no quick fixes or magic formulas that can improve your credit score quickly, this is something that happens over time as you demonstrate your ability to make your payments on time and use credit wisely.
People with higher credit scores and credit ratings are more likely to be offered lower interest rates, better terms, and enjoy a lower cost of borrowing over the long term.
Here are 5 steps to put you on the path for improving your credit rating:
- Get a copy of your credit report
It’s hard to fix what you don’t know is wrong. Obtaining a copy of your credit…
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