The 123’s of Preparing to Buy Your First Home: Part 3- Credit History

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It’s ideal to have three to four lines of credit in good standing for two years or more. Your credit lines should be used once a month with less than 30% of the credit line in use for revolving debt. New credit lowers scores and old established credit that is paid on time raises credit scores.

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Photo of a young couple seeking a home equity line of credit