11/07/2023
BAD CREDIT? WANT TO BUY A HOUSE?
Most lenders require a 580 credit score or above to buy a house (with additional qualifications).
You want your credit as high as you can get it when planning on purchasing a house!
The best way to do this is REVOLVING CREDIT LINES.
Installment loans (mortgages, car payments, personal loans, etc.) will help your credit but NO WHERE NEAR as much as revolving lines (CREDIT CARDS).
IF you're fixing your credit to buy a house start by getting a credit card (secured or regular) and making your payments on time always!
This will boost your credit and help you achieve your house buying goals!