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How to Build your Credit History if You’re Planning to Apply for a Mortgage Loan

Angie Shipe December 5, 2013 0

Daily Finance, you can always put more money down to basically “offset a weak credit score.” With more equity deposited for your home, your risk as a borrower becomes lesser in the eye of the mortgage lender. Hayes also suggests resorting to non-conventional loans (i.e. Veterans Affairs loan, US Department of Agriculture loan and Federal Housing Administration loan) and working with a homeownership counselor who can advise you get your credit rating up. Or you can always apply for a mortgage from a smaller financing institution.

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