A quality credit score is one of the most valuable assets a real estate investor can have. ⁣
⁣
This resource has the authority to not only retain attractive mortgage and refinancing rates but amplify an investor’s negotiating power when seeking a loan. While a lower score will not automatically disqualify potential investors, this all-important number in residential redevelopment could hinder one’s ability to access certain loan programs.⁣
⁣
People with subprime credit may face financial barriers to homeownership, making it difficult for their dream home to become a reality⁣.

Here are five things to remember if you want an excellent credit score:

Pay bills on time

Keep the amount owed under 30% of the limit

The longer your credit history, the better

Multiple credit inquiries can lower your score

Variety in types of credit can boost your score

I would love to hear your thoughts on this!