• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Better Rate Mortgage

Better Rate Mortgage. Open The Door To More.

phone
address
start
  • Buyer Learning Center
  • PREAPPROVAL
    • First Time Home Buyer
    • START HERE
  • FHA
    • Low Down Payment
    • FHA Streamline Refinance
    • FHA 203B
    • FHA 203K
    • USDA
  • VA
  • Conventional
    • HomeReady
    • Home Possible
    • Homestyle Renovation Mortgage
    • Refinance
    • Debt Consolidation Loan
    • Adjustable-Rate Mortgage
    • Reverse Mortgage
  • Jumbo
  • Calculator
  • Rates
  • News
    • Published Articles
  • Team
    • Better Rate Mortgage
    • Job Opportunities
    • Realtor Partners
  • Contact Us
You are here: Home / Blog / Quick Ways to Build Up Credit and Get Approved for a Mortgage

Quick Ways to Build Up Credit and Get Approved for a Mortgage

March 4, 2021 by Sean Zalmanoff

If you consider applying for a St. Louis mortgage, do not hesitate to contact the Sean Zalmanoff Mortgage Team to help make your mortgage experience completely painless.

When you consider applying for a St. Louis mortgage, there is always the elephant in the room: credit score. It can be a terrible feeling to get denied for a mortgage based on a low credit score. Although it feels unfair to judge a person’s trustworthiness based solely on one number, this is often a make-or-break factor when receiving a mortgage.


Here are some ways that you can quickly and easily bump up your credit score so that you can get approved on your next mortgage application:

Set All of Your Bills to Autopay

Maybe there were a few times when a gas or electric bill slipped your mind, and you forgot to pay. Manually paying your bills can be a chore, and it can often lead to bills getting forgotten. Setting all of your bills to autopay will ensure that you never forget to pay a bill again, and you can avoid needless demerits against your credit score.

Make Micropayments

If it is within your financial ability, do not choose to pay the minimum amount of your credit card bill each month. It would help if you strived to pay the total balance each month. The lower your credit card balance, the better off your credit score will be.

Another easy hack for improving your credit is to make frequent micropayments on your credit card bills throughout the month. Even more optimal is paying off the total amount of your bill sporadically throughout the month.

Take Advantage of Planned Purchases

If you have a planned purchase coming up that you know you will make, why not put it on a credit card. If you have plans to buy a new TV, for instance, and you know you have the money, try applying for a new credit card and placing the purchase on your new card. Immediately pay off the new credit card bill. Just like that, you will have a new line of credit that is fully paid off.

Credit Report Errors

A recent study by the Federal Trade Commission found that 5% of people identified a minimum of one error on their credit report. These errors can be massively costly to individual borrowers that now appear to be risky investments for lenders.

You should begin proactively checking your credit report and ensuring that there is no inaccurate information that is currently hampering your credit score. You should also know that generally, credit reports can only use the financial information that is less than 7 years old. If there is anything older than 7 years, you should immediately dispute this error with the credit report hotline.

If you consider applying for a St. Louis mortgage, do not hesitate to contact the Sean Zalmanoff Mortgage Team to help make your mortgage experience completely painless.

Call The Sean Z Team Today!

Home of the TBD $5K Guarantee Approval

(314) 361-9979

Filed Under: Blog Tagged With: credit score

Footer

Sean Zalmanoff: Better Rate Mortgage

1118 Hampton Ave
St. Louis, MO 63139
(314) 361-9979

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

usa-mortgage-five-star

Copyright © 2023 · Sean Zalmanoff: Better Rate Mortgage · Log in
1118 Hampton, St. Louis, MO 63139
Sean Zalmanoff NMLS: 239823 MO:70-MLO
Company NMLS 2401335

equal-housing

  • Privacy Policy
  • Buyer Learning Center