The months before a mortgage application are a good time for stability, careful planning, and a conversation before making major credit changes.
Review before you react
Check your credit reports for inaccurate information, but avoid disputing accurate accounts simply to change a score. Ask your mortgage professional how unresolved disputes could affect underwriting.
Keep balances manageable
Revolving utilization can influence credit scores. Paying balances down may help in some scenarios, but the timing and account reporting dates matter. Get a tailored plan before moving large amounts of money.
Avoid unnecessary new debt
New accounts, inquiries, higher card balances, co-signing, or financing furniture and vehicles can change both your score and monthly obligations.
Do not close accounts blindly
Closing an older revolving account can affect available credit and utilization. There is no universal credit repair move—coordinate changes with the person evaluating the full mortgage file.
This material is general in nature and is not individualized financial, legal, or tax advice or a commitment to lend. Mortgage programs and guidelines change. Your options depend on a complete application and review of supporting documentation.