Get mortgage approval despite credit card debt today
Improving Your Credit Score
Your credit score plays a crucial role in mortgage approval. A higher score can lead to better interest rates and terms. Pay your bills on time, reduce your credit utilization ratio, and avoid opening new credit accounts before applying for a mortgage. Regularly check your credit report for errors and dispute any inaccuracies2.
Exploring Loan Options
Not all mortgages are created equal. Some loan programs are designed for borrowers with less-than-perfect credit. FHA loans, for example, are more forgiving of credit issues and allow for lower down payments3. VA loans, available to veterans, offer competitive rates and often require no down payment4. Research these options to find the best fit for your financial situation.