| When you have poor credit, your list of lenders that will | | | | enough to disqualify you from the loan. The best way |
| approve you for a home loan can shrink down very | | | | to go is to apply with companies online that will give |
| small. You want to make sure that you are doing | | | | you a pre-approval without pulling your credit, but |
| everything in your power to keep your credit rating as | | | | instead, ask you what your credit is like. |
| high as you can. | | | | 2. Don't Open Too Many New Credit Accounts - If a |
| Many people will unknowingly hurt their chances of | | | | lender sees that you have a lot of new accounts open |
| getting approved and make it more difficult for | | | | it can make them wary to want to lend you money. It |
| themselves. Here are 3 things you will want to avoid | | | | can also raise your debt to income ratio, which will |
| doing if your credit history is already bad. | | | | make it difficult, if not impossible, to get approved. |
| 1. Don't have your credit pulled over and over by | | | | 3. Don't Be Late On Your Current Payments - Some |
| different lenders - Many people will, because of their | | | | people feel that since their credit score is already poor, |
| difficulty in getting approved, apply with many different | | | | it doesn't make any difference whether or not they |
| brokers and have the broker pull their credit over and | | | | make their payments on time now. That is not the |
| over. Every time your credit is pulled, your score will | | | | case, your credit score improves a little, everytime you |
| drop just a few points. In some situations, it can be | | | | make your monthly payments on time. |