Bad credit can be a problem when it comes to buying a first home. A low credit score and negative credit history can make it difficult to get a mortgage or get a good interest rate. Repairing your credit can open up possibilities that make home purchases possible.
The following tips will help you build back your credit and establish a good credit score.
Give Yourself Time
Good credit doesn't happen overnight; it may take several months before your credit score begins to improve. To ensure that you’re financially ready to buy a home when the time comes, give yourself time before beginning the house hunting process. Allowing your credit score time to improve will help ensure that you’ll be in a good position to buy when the time comes.…