Home Buying in 27896>Question Details

kristysauls1…, Renter in Wilson, NC

how do you get good credit?

Asked by kristysauls1984, Wilson, NC Fri Dec 14, 2012

to buy a home...

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Even if you have NO credit, one can open up two secured credit cards and in 3-6 months of paying your bills on time, you are likely to see a good enough credit score in order to qualify for a mortgage.

Of course we are assuming you want good credit in order to qualify for a mortgage to buy a home so be sure you consult with a lender in order to make sure you are on the right track. This can be done in 30 minutes to an hour.
0 votes Thank Flag Link Sat Dec 15, 2012
Building up your credit requires you to first establish some credit (car, credit card, store credit card, utility companies, student loans are all examples) and to use it carefully and make certain you pay off your bills on time. If you do this for a year or so you should be in a position where your credit score will qualify for a mortgage.

Of course you will also need an income that shows you can afford a home and money saved up for your down payment and various closing costs. I've attached a link below that offers more information for you as well.
0 votes Thank Flag Link Sat Dec 15, 2012
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