Credit to Keys - Week 2: Common Credit Myths That Keep Buyers on the Sidelines
- Justin Riggan
- 6 days ago
- 1 min read
Bad credit advice spreads faster than good listings. Let’s clear up a few myths that stop capable buyers from becoming homeowners.
Myth #1: You need perfect credit to buy a home
Reality: Many loan programs allow solid options well below “perfect.”
Myth #2: Checking your credit hurts your score
Reality: Soft checks don’t impact your score. Ignoring your credit does.
Myth #3: Closing old accounts helps
Reality: Credit age matters. Closing accounts can backfire.
Myth #4: Paying off everything at once is best
Reality: Strategy matters more than speed. Some payoffs can temporarily drop scores.
Better habits to adopt now:
Keep older accounts open and active
Space out credit applications
Focus on consistency, not quick fixes
Get guidance before making major changes
Good credit isn’t about tricks. It’s about understanding how the system actually works and using it to your advantage.
Credit to Keys - Week 2: Common Credit Myths That Keep Buyers on the Sidelines
Justin Riggan, Relator & Mortgage Loan Originator
Keller Williams Synergy - The Wells Team
Orca Home Loans LLC
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