You Own Your Home – Now Make Your Credit Work for You

Strong credit opens doors—even after you’ve bought your home. Here’s how to keep it working for you.

You’ve already reached a major financial milestone: homeownership. But maintaining strong credit continues to be just as important—especially for protecting your investment and planning your next move. Here’s why good credit still matters after you’ve bought a home:

• Refinance Potential – A stronger credit score may help you qualify for a lower interest rate, reducing your monthly payment or total loan cost if you decide to refinance in the future.
• Home Equity Access – Need funds for renovations, education, or other big expenses? Good credit makes it easier to qualify for a home equity loan or line of credit with better terms.
• Insurance and Financial Products – Some insurance companies and lenders use credit to help determine premiums or eligibility for new credit accounts.
• Everyday Financial Flexibility – Whether it’s financing a car, consolidating debt, or preparing for the unexpected, a strong credit score can give you more and better options.

Quick Tips to Build and Maintain Good Credit:

• Always pay on time – Set reminders or use free AutoPay services like the one available at HomeLoanServ.
• Watch your balances – Keep credit card usage below 30% of the limit.
• Review your credit reports – Check for errors or signs of fraud at any of the free credit reporting services available.
• Keep older accounts open – Length of credit history matters.
• Be cautious with new credit – Too many applications can ding your score.

Need more assistance? Contact Finally Home! Counseling Services.