House hunting? Make sure you've got a good enough credit score.
Published 9:10 PM EDT Jul 15, 2019jacoblund, Getty Images/iStockphoto
The median credit score for mortgages taken out this year sits at 759, the report found, and only 10% of mortgage borrowers had credit scores under 647. If you’re interested in buying a home in the future, there are easy ways to increase your credit score and improve your chances of getting a mortgage at a good interest rate.
“There are two keys to every credit score and having a good score: You have to pay your bills on time every single time, and you have to keep balances as low as possible,” Rod Griffin, Experian’s director of consumer education and awareness, previously told CNBC Make It.Other ways to improve your score include keeping your oldest credit accounts open and making sure you’re not over-applying for new lines of credit.
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