Credit Score!

If you are interested in purchasing a home for a FHA loan then you need to have a fico score of 620 and be prepared to have a down payment of 3.5%. Here are a few poiters to get your score to increse.



WHERE DOES YOUR DEBT LIE? KEEP THOSE BALANCES DOWN.

1. Check your credit report for accuracy and then dispute if you find errors.
2. Make your payments on time or before due date.
3. Reduce the amount you owe, try to keep your balance at 30% of total balance owed.
4. Don't close your tradelines/credit cards.