Your credit score is like a superhero that swoops in to save the day when you need to borrow money for a new home or investment property. On the other hand, a poor credit score can be the villain that wrecks your dreams of homeownership faster than you can say, “Avengers Assemble!”

But don’t worry, you don’t need to have the strength of Iron Man or the agility of Spider-Man to improve your credit score. All you need is a bit of knowledge and some good habits.

Here are some tips to help you boost your credit score:

1. Pay your bills on time: Late payments can hurt your credit score, so make sure you pay your bills on time. Set up automatic payments or reminders to help you stay on track.
2. Check your credit report regularly: Errors on your credit report can lower your score, so make sure you check your report for accuracy. You can get a free report once a year from each of the three credit bureaus.
3. Don’t open too many accounts at once: Opening multiple accounts in a short period of time can make you appear risky to lenders and hurt your score.
4. Keep old credit accounts open: The length of your credit history is a factor in your credit score. Keeping old accounts open can show a longer history of responsible credit use.
5. Diversify your credit mix: Having a mix of credit types, such as credit cards, loans, and a mortgage, can show lenders that you can handle different types of credit responsibly.
6. Be patient: Improving your credit score takes time. Keep making responsible credit decisions and your score will gradually improve over time.

Remember, your credit score is not set in stone. With some effort and good habits, you can improve it and get the mortgage you deserve. If you have missed repayment(s), don’t worry there are solutions to that problem too 🙂 

If you have any questions about your credit score or credit report, don’t hesitate to reach out. As always, we are here to help you achieve your homeownership goals.