Having a higher credit score to buy a house gives you more lender choices and access to lower interest rates. Before taking equity out of your home to buy another house decide how much you want and need.
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Pay down your outstanding debt.
. For example if your home. Heres how to get a second mortgage to buy another house. Home equity loans limit how much you can borrow.
In most cases you can only access up to 85 of the equity in your home. Determine the amount you want to borrow. An interest rate thats just a fraction of a percentage point lower can save you thousands of dollars over the course of your loan so investing in your score is worth the effort.
Here are a few tips to help raise your credit score.
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