Credit Score Linked-Home Loan: Get the Perks of a Good Credit Score

A credit score above 750 will help you get a home loan at a lower rate of interest

– Keep a check on your credit report

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When you apply for home loan, the housing finance companies will look for three main things viz; a steady income, a down payment and a solid credit history.

Hence, review your credit report i.e. check credit score regularly to see if there is any error that is hurting your credit score.

– Pay your credit card bills and other credits on time

– Make timely repayments

Repayment record is one of the most important factors for improving your credit score.

– Track the payments of your co-applicants

– Don’t be credit-hungry

To get the best deal possible, do not make enquiries or land up applying at 10-15 financial institutions for home loans.