• Scott Kepler

    NMLS #833792

    (813) 444-8537

    scott@scottkepler.com

  • Buying a new home is a major financial accomplishment regardless if you are a first time homeowner or a seasoned buyer. Making sure you have your finances organized is important when beginning the home buying process since this may possibly be the biggest purchase you ever make.

    Having a stable income and a decent credit score is what most Tampa mortgage lenders look for. So, to help you get started in the home buying process, the Scott Kepler Mortgage Team has listed some useful tips to help you raise your credit score.

    Tip #1: Pay Off-High Interest Loans

    Having large amounts of debt could negatively affect your application status. Since your credit score has a big impact on what type of Tampa mortgages you could qualify for, it is important to raise your credit score as much as possible before applying for your home loan. One useful way to improve your score is by paying off as much high-interest loans as you can. These loans are typically ones from credit card companies.

    Tip #2: Avoid Opening New Lines Of Credit

    Majority of buyers feel that by buying a new home, everything else they own should also be brand new. This way of thinking can really get new homeowners into a lot of debt. Going into a buying frenzy is not necessary and it can actually affect your home loan application.

    Whenever you apply for a new line of credit, your score will drop. Sometimes it only drops temporarily, but this is still enough to put your application on pause. Therefore, wait to make any additional large purchases until after your loan has been approved for.

    Tip #3: Always Make Payments On Time

    One way to really hurt your credit is by failing to make a payment on time. This is why it is so important to set an alarm on your phone or write the due date on your calendar so you are constantly reminded of when a payment is due.

    Contact Us

    For more information on how to raise your credit score or if you are ready to start your application for a Tampa mortgage, please contact the Scott Kepler Mortgage Team at 813-444-8537.

  • Contact Us

    If you are searching for “mortgage lenders near me” you can find us located at:

    2918 Busch Lake Blvd Suite A
    Tampa, FL  33614
     

    You can also call to make an appointment at 813-444-8537.