Quick “Hack” to Increase Your Credit Score Before Pre-Qualification
Mortgage Banker
Richard Blair
Published on January 22, 2022

Quick “Hack” to Increase Your Credit Score Before Pre-Qualification

Thinking about starting the home buying journey but concerned about your credit scores? Want to get started with your loan application but not sure if you’re ready to have the mortgage broker review your credit?

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These are common questions, or concerns, for first time homebuyers.

The mortgage banker, or mortgage broker, explained that the start of the pre-qualification process is a review of your credit. However, you may be concerned that your credit is not “perfect.” Well, there are some strategies to help you prepare for your loan application and pre-approval. A knowledgeable mortgage loan originator should be able to review the credit report with you and offer some tips for improving your credit score.

Is there something you can do to prepare BEFORE the mortgage lender pulls up your credit report?  You bet!

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One effective strategy requires you to start the preparation process about 6 months before you really want a pre-qualification letter from the mortgage broker.

You can access a FREE credit report on your own to preview your credit in advance. The FREE report does not come with a credit score, but is typically available with an upgrade. It really is not necessary to buy the scored product if you know what you are looking for. You do not want to be shocked when the mortgage lender shares the credit report with you.

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Follow These Simple Steps To Improve Your Score
  • Go to AnnualCreditReport.com and order your free credit report. The government allows you to order one (1) free report each year only from this website. Don’t be fooled by other sites that sound similar and then make you pay for the report.
  1.  Check the amount owed on each credit card- in other words the balance owed. Compare the balance owed to your credit limit. By dividing the amount owed / credit limit you will get a percentage. For example you owe a balance of $500, and your credit limit is $1,000. You have used 50% of your credit limit.
  2. To achieve a bounce in your credit score, pay the balance down to 3% to 5%% of the credit limit. This should be done at least 30 to 60 days before the you have the mortgage lender pull their credit report. In the same example, if your credit limit is $1,000 pay the balance to between $30 and $50.
  3. Budgeting in advance and starting the process early will help you save money when buying a home. You may be able to use some of the money allocated for down payment and shift it to paying down the debt. First, speak with a knowledgeable loan officer to discuss the strategy.
  4. During the same 6-month period avoid applying for any new credit. Every time you apply for credit it creates an Inquiry on your credit report. Too many inquiries within the past 120 days of the lender pulling your credit may have a negative effect on your score.



A related Blog article posted January 3, 2022, discusses Two Sure Fire Ways in 2022 To Boost Credit with Rent History. This article provides another great strategy you should use be aware of before applying for your mortgage pre-approval.

Two Sure Fire Ways in 2022 to Boost Credit with Rent History

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By planning in advance of your mortgage pre-qualification and consulting with a very knowledgeable local mortgage lender you will feel more confident about your first-time homebuying experience. But the same strategies will also work to some degree if you are a move-up home buyer.

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My Team and I believe is education to the home buying process and proper guidance will make you a smart home buyer. A smart home buyers will eliminate unwanted stress, frustration, save time and money.


The goal is improving credit scores before pre-qualifying so you will have more loan options, better interest rates, and qualify for more home. Doing some upfront work will save you time and money in your homebuying journey.

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You can also order a free copy of an E-Book called Your Homebuying Journey that provides awesome information to better understand both the home buying process and the mortgage loan process.

E-Book For First Time Home Buyers

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About the Author- Richard Blair, NMLS# 213176, is a mortgage loan originator with dwell Mortgage, a Victorian Finance Company. Richard has over 24 years of experience helping families as a mortgage professional. His goal is to educate home buyers to make wise financial decisions when choosing the best mortgage for their financial goals. 


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