Such a Simple Tip That Saves Thousands... Seriously

So here's a simple tip to save thousands of dollars when you buy a home. When you're getting a home loan, your credit score plays a big role in the monthly payment and in your costs. So basically, here's how it works. A higher credit score equals a lower monthly payment and costs. Even if you qualify, the difference between, let's say, 693 credit score and a 727 credit score can be huge. And by huge, I mean thousands of dollars. So a simple way to get your credit score up would be to pay your credit card balances down. Here's a quick basic example. On a credit card with a limit of $1,000, you want the reported balance to be no more than 300. Do now. The balance that gets reported to the credit bureaus is whatever was on your latest monthly statement.