the 10 Credit Score Commandments

Need to Buy Too?

How to Get Your Credit Score Up — Week 4

This series shines a light on the importance of your credit score when buying a home. Most buyers need to take out a mortgage, and thats when your finances become an open book. Lenders will need to gauge if youre worth the risk to lend you money, and this series will  help you learn some important strategies so you dont miss out on becoming a homeowner.

You want to keep it simple and straightforward with your finances as you lead up to buying a home. Nothing extravagant or excessive during this time.

It’s all about what NOT to do!

Whether you’re buying your first home, your next home or even refinancing, you need to avoid some risky actions that could hurt your credit score and, ultimately, block you from getting the mortgage you want.

Lenders will look at you and your credit history thoroughly before they preapprove you and even again once you are under contract and on your way to closing. Don’t think you’re off the hook once a lender preapproves you!

Know these 10 Commandments and stick to them as you begin the home-buying process.  

They’re your handy reminder of what NOT to do – so you can keep your credit score on track from start to finish.  Better yet, follow them well before you even start looking for a home so your finances and score will be well regarded by lenders.

At first glance, these 10 Commandments seem very easy to follow. However, you’d be amazed at how ignoring just ONE of these items can do damage.

1. Thou shalt not change jobs, become self-employed or quit your job. 

2. Thou shalt not buy a car, truck or van (or you may be living in it)! 

3. Thou shalt not use charge cards excessively or let your accounts fall behind. 

4. Thou shalt not spend money you have set aside for closing. 

5. Thou shalt not omit debts or liabilities from your loan application. 

6. Thou shalt not buy furniture. (Even if youre about to go to settlement, just dont!)

7. Thou shalt not originate any inquiries into your credit. 

8. Thou shalt not make large deposits without first checking with your loan officer.  (It could be suspicious to suddenly have lots of money; a loan or gift from family needs to be acknowledged.) 

9. Thou shalt not change bank accounts. 

10. Thou shalt not co-sign a loan for anyone.

Hi, there!

I'm Elsa and I love freeing people from their old home and helping them move on to a new home. Let's talk about how I can help you!

Let's Meet


2227 Prairie Center Pkwy Suite D
Brighton, CO 80601

need to Buy too?

success stories

Sell for more

for homeowners

schedule your free consultation

schedule a meeting here!

Schedule a free consultation with me and find out the first step!

"I've been thinking about selling my home, but I have no idea where to start."

Hi, there!

I'm Elsa and I love helping sellers looking to move up to their forever home. Let me know how I can help you make your real estate dreams come true. 

schedule your free consultation

need to buy too?

My Listings

Sell for more

All Articles