utah real estate border image

Utah Real Estate | House / Land / Condos / Property For Sale | Home Search | MLS Listings | Relocation | REALTOR
Featuring new construction, gated communities and country club properties.Serving Salt Lake City, Park City to Provo.

realestatehomesutah.com masthead Home nav buttonMLS Property Search nav buttonHome Sellers nav buttonHome Buyers nav buttonUtah nav barEquity Realty Agent nav buttonContact nav button

8 Ways to Improve Your Credit


Credit scores, along with your overall income and debt, are a big factor in determining if you’ll qualify for a loan and what loan terms you’ll be able to qualify for.


1.      Check for and correct errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.


2.      Pay down credit card bills. If possible, pay off the entire balance every month. However, transferring credit card debt from one card to another could lower your score.


3.      Don’t charge your credit cards to the maximum limit.


4.      Wait 12 months after credit difficulties to apply for a mortgage. You’re penalized less for problems after a year.


5.      Don’t purchase big-ticket items for your new home on credit cards until after the loan is approved. The amounts will add to your debt.


6.      Don’t open new credit card accounts before applying for a mortgage. Having too much available credit can lower your score.


7.      Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.


8.      Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.


This information is copyrighted by the Fannie Mae Foundation and is used with permission of the Fannie Mae Foundation. To obtain a complete copy of the publication, “Knowing and Understanding Your Credit,” visit http://www.homebuyingguide.org.


Reprinted from REALTOR Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS

Copyright 2005. All rights reserved.                        www.REALTOR.org/REALTORmag           



Equity Real Estate Logo

 Barry J. Preusz
Realtor | Residential Specialist

1218 East 7800 South
Salt Lake City, Utah 84094

Office: 801-993-0083

Click Here to Contact Us

utah real estate


Home nav buttonReal Estate | Home Search nav buttonUtah Local Areas nav buttonReal Estate Financing nav buttonReal Estate Glossary of Terms nav buttonReal Estate Resources nav buttonEquity REALTOR Contact

realestatehomesUtah.com     © 2016     All Rights Reserved

Utah Real Estate | House / Land / Condos / Townhouses / Ramblers / New Construction / Single Family Homes / Country Club Properties / Gated Communities / Property For Sale | Home Search | MLS Listings | Relocation Service | Moving Information | REALTORs | Realty | Agent

Buying a home? Selling a house? Utah real estate & realty information, featuring new homes, mountain views & waterfront property, single family homes, condos, town homes, ramblers, new construction homes, houses for sale, home listings, planned communities, and real estate listings.

Your Utah real estate resource for condominiums, townhouses, ramblers, new construction, gated communities, master planned communities, retirement community, country clubs, one story, split-level, tri-level and two story homes. We provide houses for sale, home listings and moving & relocation services.

Serving Alpine, Alta, American Fork, Bluffdale, Bountiful, Cedar Hills, Centerville, Cottonwood Heights, Daybreak, Deer Valley, Draper, Eagle Mountain, Emigration Canyon, Farmington, Heber City, Herriman, Highland, Holladay, Kamas, Kearns, Layton, Lehi, Lindon, Magna, Mapleton, Midvale, Midway, Murray, North Ogden, North Salt Lake, Ogden, Orem, Park City, Payson, Pleasant Grove, Provo, Riverton, Salt Lake City, Salt Lake County, Sandy, Saratoga Springs, Snowbird, South Jordan, South Ogden, South Salt Lake, Spanish Fork, Springville, Sundance, Summit County, Taylorsville, Tooele, West Bountiful, West Jordan, West Valley, Woods Cross, Utah County.