Top Things You Should Know About Credit Scores When Buying a House

Posted on September 24, 2019 (January 3, 2023) by Barb Schlinker

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Did you know that a low credit score when buying a home could cost you as much as $40,000 over the life of a mortgage?

Here are the top three things that you should know about how to improve your credit. Number one, and it should be very obvious, pay your payments on time.

On time payment history represents 35% of your credit score. You need to stay current on all of your payments. The number two thing is 30% of your score is the available credit that you have and how much you use. As an example, if you have a credit card that has available 10,000 and you borrowed 5,000 this could actually hurt your score. You want to borrow 35% or less of your available credit. So in this scenario borrowing 50% of your available credit hurts your score. So, if you paid that down just 15% more, it could improve your score by as much as 40 or 50 points. The number 3 thing is you want to make sure you have a mix of credit cards and maybe other types of loans, small car loans or small student loans. Here are the top three things that can hurt your credit score. Some should be obvious, like not making payments on debts that you owe, including and especially the IRS.

The IRS may not show up in credit, but believe me, the mortgage lenders are going to find it. The second thing is not borrowing any money. Yes, that’s correct. If you don’t borrow money, you don’t have a credit score. And then the third worst thing you can do as those debt consolidation loans.

Here are the two top myths about credit score. If you apply to more than one mortgage lender within 30 days, some people think it hurts your score, but it won’t. It’s a new law that people shopping for a mortgage can talk to several different lenders within 30 days and it will have no affect on your credit score.. A lot of people think they should close out the credit cards of their old credit cards if they’re not using. Closing out old credit cards or lines of credit can actually hurt your score.

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We heard about Barb Schlinker from her Radio Show and having been in the sales business we were very impressed. Barb and her team did a great job managing all the many showings and ultimately a great sale. The result could not have been better. We became friends with the buyer and the whole process exceeded our expectations. Barb's team was able to quickly respond to showing feedback to help get us the over full priced sale. From the recommendation to her trusted vendors that went well to the consistent and frequent communication from Barb and her team - it was a pleasure to do business with her. Steve & Crystal

K MAC

Barb went above and beyond to help sell our house. Great communication, very professional & knowledgeable, she has a great team working for her. Incredible service, we give her a 10 out of 10, score. We definitely would recommend her! We have dealt with a lot of realtors and Barb and her team are at the top of the list. Thank you, Barb!!!

1875 Brookdale Dr, CS, CO 80919 - Craig & Nicky M

Bard did a great job selling our house for over asking price! She was great at providing us with sound advice on pricing our home. She also told we we needed to worry about and what to not stress over.

James Heffron

Our townhome was getting too crowded for our family. Barb’s team helped us stage it, suggested some repairs to get the most money from selling. In just 1 week our townhome sold for the highest amount of any townhome in that neighborhood.

4047 Charleston Dr – Victor & Mrs Parades

After hearing Barbs radio ads and looking at her website, it was obvious Barb and her team has the best system for selling our home. Not only did she sell it for full asking price in just 6 days, but she made sure our home has a warranty for the buyer for 1 year after closing. It was so helpful that her team took care of a final move-out clean. It helped us easily plan our move and ensured the family enjoyed a stress-free move. We highly recommend Barb and her team to sell your home. Dale & Krystal

Krystal Wager

Barb Schlinker and Tom Parker were great to work with to get my home sold. They did an excellent job on photos and marketing. I had previously tried with another agent that resulted in no sale. But when I hired Barb and Tom everything went as planned. When it turned out I needed a new roof, they suggested a roofing company that was able to finish the job quickly and minimize my out-of-pocket expenses. I was able to sell my home for top dollar and they helped me prepare for my move. I highly recommend Barb Schlinker and her team to sell your home. Fritz

Fritz Shoemaker

Barb Schlinker and Wendy are the two best real estate agents I have ever had in buying and selling a home in my life. Their careful attention to detail, professionalism, exactness, timing, listening to my personal needs and wants. They have respected my needs & wishes in every way. I will always will recommend them to my friends and family members. And I will always trust their care with them.

Karen Woods

We heard about Barb from our contractor who is a radio fan. We knew once we hired Barb it was the right decision to help us sell our parent's home. Barb gave us great advice on what to do to sell our home for the most money without spending too much money to update the home. The results were great. In just a few days Barb had a huge crowd at the Open House, over 85 visitors and it sold for $75,000 over the asking price. They made the whole process easy for us to manage while traveling between several states and we especially appreciated the move out cleaning service as well as the help removing unneeded items. We highly recommend Barb to sell your home!

J. D. R. Hawkins

It was time for us to downsize our remodeled home. We interviewed several agents. but we knew Barb’s buyers and great marketing would get us the highest price for our home. In a few short weeks Barb was able to sell our home for top dollar, setting a new high sales price in the neighborhood. We are so glad we hired Barb and her team.

2775 Helmsdale Drive, CS, CO 80920 - Steve & Barb Schleper

I am very pleased with Mrs. Barbara and Mrs. Wendy. They went ALL out their way every day to make our home selling process less stressful. They were a pleasure to work with and became family instead of a business move. Furthermore, being in the Air-Force I didn’t have much time to relocate and they made it a breeze for my family and I. If I ever come back to Colorado to live. I will call them back with NO hesitation. Thank you ALL for what you have done. I have already recommended EVERYONE on Peterson AFB to Mrs. Barbara and her team. They will go out their way and beyond to make you happy. If I could give more than a 5 star rating .. I definitely would. God Bless !!!!!!

Beth Lewis

Barb was able to sell our home quickly at full asking price soon after it went on the market. It was so refreshing to have an agent and a great team that was able to get us to closing right on time with very little hassle. We appreciate that they took care of all the details so we could focus on moving to our next home." - Ben and Judy Devries

Ben Devries

We called Barb a few months before we planned to sell to make sure the sale was timed to happen with our military transfer out of state. Barb made sure all the staging and photos were done to perfection, on time! Our home sold at over asking price in just 5 days! We highly recommend Barb!

4047 Charleston Drive – Diego & Diane Balderas

We are so glad we hired Barb Schlinker to handle the sale of our home. We were on a short time crunch to sell right when the market was slowing down. It was great that Barb’s knowledge of pricing got us the highest price for our home in the shortest amount of time. Barb will not hesitate to resolve issues quickly when they arise. After moving out we discovered the washer and dryer should have been left but was loaded on the truck. Barb took charge of the problem and quickly purchased a used set for us that satisfied the contract and had it installed in 1 day. By her team’s swift action, she ensured a smooth and timely closing. Bill & Sherie

Sherie Shupe

Selling our home with Barb could not have been better. It sold in a few days for more than the asking price. And just as important, we appreciated the excellent communication with Barb and her team. They did everything they promised and more, supporting us through every phase of the sale. Photos, staging, marketing, etc. were all handled efficiently. Emails came regularly with helpful information, reminders and suggestions. When we called or texted with a question, Barb or someone from her office got back to us quickly with the needed answers. Her years in real estate have allowed her to develop a highly professional, smooth running, client-focused business model. Thanks, Barb! You exceeded our expectations!

Janet Savage

It was great to work with Barb and her team at Your Home Sold Guaranteed Realty. We received multiple offers, and our home sold swiftly for well over asking price! From the amazing photography and very successful open house, through the smoothly orchestrated closing process, we appreciated Barb's communication, expertise, professionalism and personalized attention to detail. We look forward to working with Barb and her team in the future, and highly recommend Your Home Sold Guaranteed Realty! Diane S

Diane Shaneyfelt

It was refreshing to work with Barb and her team at Your Home Sold Guaranteed. She sold our home for $17000 over asking price in a short time and everything went smoothly. We loved how she took the time to measure the home to make sure it was marketed at the right size and the photos were amazing. Barb was able to get a huge crowd at the open house which got us several great offers to choose from. Then she handled the sales process every step of the way for us and make it simple and easy. We highly recommend Barb and her team.

Alan and Diane

It was time for us to downsize and we needed someone who could help us get the most amount of money for our townhome. Barb helped us decide what to do and what not to do get our townhome ready for sale. Our townhome sold for full price, setting a new high sales price in the community.

6133 Pine Hill Dr – Mike & Glenda Lux

After trying previously to sell with no result, hiring Barb was a refreshing experience. She sold our home for $57,000 over asking price in just one week and it was a very easy sale. Her and her team handled everything so we just needed to move. We highly recommend using Barb to sell a home.

Dave Potter

We have sold 3 homes and working with Barb Schlinker was by far the best experience. We previously tried another agent who failed to get many showings and only provided weak offers that would not work. We are so glad we made the switch. From the very beginning, we could tell Barb's process for selling homes is far superior to any other agent's work. Not only did she help us show our home and attract more buyers than ever before. But it sold quickly for top dollar. We could not have asked for a better real estate experience. We so appreciated Barb's hands-on care and attention to detail that included careful measurements, highlighting the home's best features and a very organized system that resulted in a quick sale with the least amount of hassle. Bradley and Alys

A D

Barb was great to work with; she returned calls and responded to texts and emails promptly, took care of a broken door lock, and kept on eye on our property after we had moved out of state. She also provided an inflatable mattress when she found out my husband was sleeping on the floor. We would recommend Barb to anyone wanting to sell their property.

Laura Rathke

Barb and her team are exceptional to work with!

Tammy Becker

Barb and her team were very easy to work with. They did an awesome job! We were under the gun for getting our house sold quickly, and Barb did just that. We got an offer after just one open house! Thanks again, Barb, for all your hard work and assistance. You and your team are amazing!

J. D. R. Hawkins

We hired Barb to sell our home in Security. We accepted 1 cash offer within 30 hours of listing and it sold for $11,000 over our asking price. Her staff was wonderful and we were thankful for the use of her convenient moving truck. We highly recommend using Barb Schlinker to sell your home. - Dennis & Joan

Joan Musick

We talked to several agents but it was clear Barb has the best marketing to get us the most money. Best of all....she sold our home for at $30,000 over what the other agents said it was worth. We moved out and left the home in her hands. Barb and her team were amazing and we did not have to worry about anything. While we were enjoying family in another state, Barb's team sold our home and it closed in just 3 weeks! We highly recommend Barb and her team!

Dennis and Angie Snyder

It was so nice to only have to show our home for just 1 hour and Barb and her team helped us sell our home for $55,000 over asking price with a cash buyer. Everything went as scheduled and it made the process easy." Bill & Judy

Willam Bremer

Barb and her team worked hard throughout the entire process in selling our home. Barb always took the time to answer any questions we had. We sold our home for $65,000 over asking price. We would highly recommend Barb if you are thinking about selling your home. Ed and Michelle Thompson

Edward Thompson

When the time comes for me to sell I will be contacting Barb. She personally contacted me with information and the Comps necessary to appeal the out of line assessment of my house. Thank you so much!!!

Philip Guttman

After hearing about Barb on the radio we had to call. Her team helped us prepare our home for sale and to our surprise we not only had 120 people visit the home in 1 day but we received multiple offers and she sold our Briargate home for $30,000 over our asking price! We had a quick sale and her team handled everything so we could move out of the state early & worry free!" John & Kathy

Kathy Seavey

After hearing Barb on the radio where she outlined her methods for selling homes, I am so pleased that we hired her to handle the sale of our home. We had already moved out, and she and her team installed very attractive staging furniture so it showed beautifully. In just one short week. Barb obtained several buyers competing for our home and she sold our home for $5000 over asking price. Her team handled everything from there and made the process very easy. Having Barb handle the sale of our home gave me great peace-of-mind throughout the entire process.

8130 Avens Cir, CS, CO 80920 - Donna S

It was such an easy process to sell my home with Barb Schlinker. I first met Barb a few years back and decided to stay in the home during the pandemic period and I’m so glad I did. That decision allowed me to add another $100,000 of value to my home in a short period of time. With the first meeting Barb provided a staging consultation that helped me get my home ready for sale on my schedule. Her Certified Pre-Owned Home program revealed I needed a new roof and because it was done in advance of the sale, her program set the stage so I could deal with the roof on my schedule and negotiate the best possible deal. Not only did Barb market the home so well that I had a lot of people come and look at the home, but I received two offers at the same time and that’s where it got exciting. Barb’s negotiating skills went into high gear and she was able to get the buyers to make their highest offers, giving me great choices on selling my home for nearly $10,000 over asking price in just 11 days. It was a really nice benefit that her program included house cleaning. That was a very nice touch that made my move effortless.

M M

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