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Start by checking your credit
To get the best possible mortgage rate, make sure your credit
history is healthy and accurate. Aim to raise your credit
score above 650 in order to qualify for most prime loans.
If your credit score is not quite 650, focus your efforts
on paying bills on time, reducing your debt balances, avoiding
new inquiries and clearing negative inaccuracies from your
credit report.
Make sure the information on your report is correct and fix
any problems you discover. Give yourself 30-90 days for correcting
inaccuracies.
Buying a home is probably the single largest investment
most people make in a lifetime. By preparing yourself and
your credit before a home purchase or refinance, you can ensure
a smooth finance process and can potentially save thousands
on your loan. Improve your financial profile now so you can
take advantage of the low interest rates before they disappear.
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