Your credit score plays a major role in obtaining a mortgage. Among other things, typically a score of 620 or above is needed to qualify for a mortgage from a bank or lending institution (this is different lender to lender). Here are a few tips that may help increase your credit score prior to applying for a mortgage:
These tips may or may not help you potentially increase your credit score prior to applying for a mortgage. Be certain to contact your lending institution for guidance prior to completing any of the above items.
This is not an exhaustive list. There are many factors that come into play with credit scores. We do not guarantee any results.
Niko Law LLC is an Illinois law firm. As the firm practices law in the State of Illinois, only, this website and/or e-newsletter focuses upon that jurisdiction, only. Please keep in mind Niko Law LLC does not guarantee results and that law can vary dramatically from state to state, county to county, and it is not reasonable to assume that law in other jurisdictions will be the same as, or even similar to, Illinois law.
This e-newsletter should not be construed as legal advice, nor used in lieu of a lawyer.
For questions regarding your specific situation, please contact Niko Law LLC at 708-966-9388.
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