Do NOT apply for, close, or pay off any collections, charge-offs, loans, or other kinds of credit without speaking to your mortgage professional first.
Credit Cards With Excellent History
Do you have credit cards with excellent credit history? USE THEM! Just use them strategically.
If you don’t have a credit card, DO get a secured card immediately. This is a great way to build, rebuild or establish credit quickly. Pay your bill ON TIME every month. Creditors like to see evidence of STABILITY & CONTROL
Credit Account Co-Signer
For some, opening a credit account with a co-signer could be a better alternative. Just be aware that BOTH PARTIES are now responsible for the bill.