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Narrator: "If you're in the market for a mortgage, your credit score is one of the most important factors lenders will consider when determining your eligibility and interest rate. But don't worry, there are a few things you can do to boost your score before you apply."
Cut to footage of various people going about their day-to-day lives, such as paying bills, reviewing bank statements, and tracking expenses.
Narrator: "Tip 1: Review your credit report. You're entitled to a free credit report from each of the three major credit bureaus every year. Check for errors and disputes any inaccuracies.
Tip 2: Pay your bills on time. Late payments can have a major impact on your score, so make sure you're paying all of your bills on time, every time.
Tip 3: Lower your debt-to-credit ratio. Your debt-to-credit ratio is the amount of debt you have compared to the amount of credit you have available. Lenders like to see a lower ratio, so try to pay down as much debt as possible before applying for a mortgage.
Tip 4: Keep old credit accounts open. The length of your credit history can have a positive impact on your score, so don't close old credit accounts that you're no longer using.
Tip 5: Limit your new credit applications. Each time you apply for credit, it shows up on your credit report, and too many new applications can be seen as a red flag for lenders. Limit the number of new credit applications you make before applying for a mortgage."
Cut back to the person sitting at the desk, looking more organized and in control of their finances.
Narrator: "By following these tips, you can give yourself a better chance of getting approved for a mortgage with a favorable interest rate. Good luck!"
Closing shot of the person happily signing a mortgage document with a pen,
Narrator: "Thanks for watching, and don't forget to subscribe to our channel for more helpful tips on credit and mortgages."
