Explore the Mortgage101 Library
Check Local Mortgage Rates
Loan Program Choices
Use our calculator to find out your estimated monthly payment in advance: Enter the loan amount, interest rate, and length of mortgage.
Try our Mortgage Payment Calculator
If you want to boost your credit score, there are a few things you can do that will have an immediate impact. Your future credit terms can be more favorable if you increase your score by even a marginal amount.
Tip #1: Pay On Time
It is imperative that you make all of your debt payments on time if you want to boost your credit score. Late payments will cause a big drop in your score, and can have a long-lasting effect even after you start to repay on time.
Tip #2: Payoff Credit Cards
Paying off your existing credit cards will boost your credit score. You can also increase your score if you do not max out your credit cards, since you will have a large unused portion of the total credit that is available to you.
Tip #3: Increase Credit Card Limits
Request a credit increase on your existing credit cards instead of applying for several new ones. Any lenders you use will see you have cards that are older, and have a long repayment history. This is more helpful to your credit score than having several new credit cards with not much repayment history.
- 3 Warning Signs of Loan Modification Scams
- Should You Refinance? Make Sure the Timing is Right
- Second Mortgages: Advantages and Disadvantages
- 3 Reasons Banks Reject Short Sales
- Alternatives to Getting a 2nd Mortgage
- What Lenders Don't Reveal About Home Equity Loans
- Appraisal Basics
- FHA Loans for a First-Time Home Buyer
- Short Selling a Rental Property