 TITLE: How to Get Your Credit Ready for a Mortgage CONTENT: Focus on Paying Every Bill on Time\n----------------------------------\nAnother factor that plays a major role in your credit scores is payment history. Late payments—especially recent late ones—can significantly drag down your credit scores. So in the months leading up to mortgage application, make sure to pay every bill on time.\nIf timely bill payments are a challenge for you, consider using technology to help: Automated electronic payments from your checking account can help you avoid accidental late payments. Calendar alarms, text-message email reminders can help as well.\nDo whatever it takes, because lenders will likely see a late debt payment within the 12 months leading up to a mortgage application as a significant red flag. It might not prevent you from getting a mortgage, but it could mean you'll be seen as a relatively risky borrower, and that could mean higher interest costs. END