- Pay bills promptly, every time.
- Maintain a low credit utilization ratio.
- Dispute inaccuracies on your credit report.
- Limit opening new credit accounts in a short timeframe.
- Explore credit builder loans to establish or enhance your credit history.
Q: What is Mortgage Insurance and When is it Mandatory?
Mortgage insurance safeguards the lender if you fail to fulfill your mortgage obligations. It is usually required when your down payment is less than 20%. Various types of mortgage insurance exist, so consult with your lender to determine your options.
Q: Points: Understanding Their Impact on My Mortgage
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