family

Managing Ownership Test Blog

 

BUILD CREDIT & MINIMIZE YOUR LIMIT

Building and maintaining a good credit score will go a long way when it comes time to purchase a home. However, don't be fooled-just because you have a high credit limit doesn't mean you will be eligible to buy a home. Lenders will look at a $10,000 credit limit as if you have $10,000 you can rack up in debt. Lowering your credit limit to $2,000 will have much greater appeal to lenders. BUILD CREDIT & MINIMIZE YOUR LIMIT

Building and maintaining a good credit score will go a long way when it comes time to purchase a home. However, don't be fooled-just because you have a high credit limit doesn't mean you will be eligible to buy a home. Lenders will look at a $10,000 credit limit as if you have $10,000 you can rack up in debt. Lowering your credit limit to $2,000 will have much greater appeal to lenders.

Building and maintaining a good credit score will go a long way when it comes time to purchase a home. However, don't be fooled-just because you have a high credit limit doesn't mean you will be eligible to buy a home. Lenders will look at a $10,000 credit limit as if you have $10,000 you can rack up in debt. Lowering your credit limit to $2,000 will have much greater appeal to lenders. BUILD CREDIT & MINIMIZE YOUR LIMIT

Ready To Get Started?

We are here to help you every step of the way home. Discover how UHM can make your dream home a reality

Back to Top