Maintaining Good Credit After Buying a Home

It's important to maintain good credit even after you buy a home. Here's how to do it.
Related To:

Your credit score will take a hit after you buy a home, not surprisingly, since it's a large purchase. But you can take steps to get it back on track, just like you did to get a mortgage in the first place. Try these tips to increase your credit score and master these basics:

  • Pay bills on time
  • Pay off debts
  • Monitor your credit report and correct errors
  • Avoid signing up for new credit cards or loans

It's important to maintain good credit because you never know when you'll need to borrow a large amount of money. Lenders base decisions like approval and interest rates on your credit score. The best credit scores get the best terms. This will be especially important if you hope to refinance in the future or need to pull equity out of your home to cover major home repairs or improvements.

Next Up

Saving Money While Paying for a Home

You may be financially "exhausted" from saving for your home purchase, but now's actually a great time to keep saving.

What Foreclosure Means and How to Stop It From Happening

Learn about the various steps in the foreclosure process and ways you can avoid losing your home.

Short Sale Rules: What You Need to Know

A short sale occurs when a property is sold for less than what is owed on the mortgage with the lender's approval. Learn the advantages and disadvantages of this type of transaction for the seller and the buyer.

Sell the Benefits of Your Smaller Home

Impress buyers with money-saving and eco-friendly features.

How Much Mortgage Can I Afford?

From property taxes to utilities, the costs of owning a home adds up quickly. Here's how to calculate how much you can afford in monthly mortgage payments.

Scheduling Your Relocation

If you can postpone your move, you could save some major cash.

Learn the Pros and Cons of a Buyer's Agent

Learn about the advantages and disadvantages of hiring a buyer's agent when looking to purchase a new home.

The Skinny on the Short Sale

How to get a short sale when you're facing foreclosure on a house.

Urban Home Buying Tips

Real estate agents weigh in on the downtown buying process.

Unearth the Facts to Buy a Greener Home

Asking the right questions will land the eco-friendly house of your dreams.

Go Shopping

Refresh your home with stylish products handpicked by HGTV editors.

On TV

Good Bones

6am | 5c

Good Bones

7am | 6c

Good Bones

8am | 7c

Good Bones

9am | 8c

Good Bones

10am | 9c

Good Bones

11am | 10c

Good Bones

12pm | 11c

Good Bones

1pm | 12c

Good Bones

2pm | 1c

Good Bones

3pm | 2c

Good Bones

4pm | 3c

Good Bones

5pm | 4c

Good Bones

6pm | 5c

Good Bones

7pm | 6c
On Tonight
On Tonight

Good Bones

8pm | 7c

Good Bones

9pm | 8c

House Hunters

10pm | 9c

House Hunters

11pm | 10c

Good Bones

12am | 11c

House Hunters

1am | 12c

Good Bones

3am | 2c

Good Bones

4am | 3c

Good Bones

5am | 4c

Follow Us Everywhere

Join the party! Don't miss HGTV in your favorite social media feeds.

Related Pages