logo
  • Apply Now
  • Home
  • Home Purchase
  • Refinance
  • Resources
    • Loan Programs
    • Loan Process
    • Mortgage Basics
    • Mortgage Calculators
    • Online Forms
    • FAQ
  • About-Contact
  • Learning Center
  • Facebook
  • (816) 545-9005
logo
  • Apply Now
  • Home
  • Home Purchase
  • Refinance
  • Resources
  • Loan Programs
  • Loan Process
  • Mortgage Basics
  • Mortgage Calculators
  • Online Forms
  • FAQ
  • About-Contact
  • Learning Center
  • Facebook
  • (816) 545-9005
logo
  • Apply Now
  • Home
  • Home Purchase
  • Refinance
  • Resources
    • Loan Programs
    • Loan Process
    • Mortgage Basics
    • Mortgage Calculators
    • Online Forms
    • FAQ
  • About-Contact
  • Learning Center
  • Facebook
  • APPLY NOW

Building Credit for Your Dream Home: 5 Clever Tips (Minus the Credit Cards!)

So, you're on the hunt for your dream home, but your credit score is in need of a little TLC. Building your credit doesn't always require opening credit cards. Here are some nifty tricks to amp up your credit score without applying for new plastic.

  1. Rent Reporting: Who knew that paying your rent on time could actually help you build credit? Rent reporting services work alongside work your landlord to report your timely rental payments to credit bureaus. This way, your responsible renting habits have the chance to shine on your credit report. 

  2. Experian Boost: By linking your utility, cell phone, internet, and even eligible streaming service accounts to Experian Boost, your payment history for these bills can be included in your credit file. Finally, those pesky monthly bills can work in your favor! 

  3. Authorized User Status: Have a friend or family member with impeccable credit? Ask if they'll add you as an authorized user to their credit card. As an authorized user, you'll inherit their credit history, making it rain positivity on your own credit report. Just be sure your creditworthy benefactor continues to handle their finances responsibly; you don't want to be caught in a credit storm.

  4. Secured Credit Card: While it's not entirely avoiding a credit card, a secured credit card can be a good option for building credit. A secured credit card is like a regular credit card, except you'll need to make a deposit as collateral, which then becomes your credit limit. By using this card judiciously and making timely payments, you're on your way to establishing credit history without the temptation of going on a reckless spending spree. 

With these clever credit-boosting methods, you can set sail on your homebuying journey armed with a solid credit score. Remember, building credit takes time and consistency. Be patient, pay your bills on time, and keep your credit utilization low. Before you know it, you'll be unlocking the door to your new home with confidence.

Did you find this article helpful? Please share it!


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.

Mortgage Calculator

Our user-friendly calculator puts you in charge of estimating your mortgage payment.

Calculate Now

About Us

We've been helping customers afford the home of their dreams for many years and we love what we do.

Company NMLS: 235040
www.nmlsconsumeraccess.org

Contact Us

Midwest Capital Mortgage, Inc. 

1201 Landmark Ave Ste 3
LIBERTY, Missouri 64068
Phone: (816) 795-8500
rchambers@mtg-group.com

Disclaimers

  • Legal
  • Privacy Policy
  • Site Map
  • Licensing

Resources

  • Loan Programs
  • Loan Process
  • Mortgage Basics
  • Mortgage Calculators
  • Online Forms
  • FAQ
Equal Housing Lender logo

LenderHomePage Footer Logo Powered By LenderHomePage.com

Midwest Capital Mortgage Accessibility Statement

General

Midwest Capital Mortgage strives to ensure that its services are accessible to people with disabilities. Midwest Capital Mortgage has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.

Accessibility on Midwest Capital Mortgage website

Midwest Capital Mortgage makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows mtg-group.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).

Enabling the Accessibility Menu

Midwest Capital Mortgage accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.

Disclaimer

Midwest Capital Mortgage continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.

Despite our efforts to make all pages and content on Midwest Capital Mortgage website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.

Here For You

If you are experiencing difficulty with any content on Midwest Capital Mortgage website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.

Contact Us

If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: rchambers@mtg-group.com