How to Increase Your Credit Rating Prior to Getting a Home Loan

Taz Mortgage Solutions – Smart Lending Begins with Improved Credit

Securing a home loan is a big financial step—and your credit score plays a major role in the process. Whether you’re a first-time buyer or an experienced investor, improving your credit before applying can save you time, stress, and money.

At Taz Mortgage Solutions, we believe that preparation is the key to successful lending. As the best mortgage broker Canberra trusts, we’ve helped many clients build stronger financial profiles before applying. In this blog, we’ll break down why credit scores matter and how you can improve yours with practical steps.

Why Does Your Credit Score Matter?

Your credit score is a number that shows how reliable you are when it comes to handling debt. Lenders use it to assess how risky it would be to give you a loan. This score is based on:

• Your history of repaying loans and credit cards
• How much credit you currently use
• How many applications you’ve made recently
• Any defaults or late payments

A Strong Credit Score Can Offer Big Advantages:

• Faster home loan approval
• Lower interest rates
• Smaller deposit requirements

Speaking with a mortgage agent or mortgage broker early can help you check your score and plan how to improve it before submitting an application.

Six Practical Ways to Improve Your Credit Score

1. Check Your Credit Report Regularly

Start by getting a free copy of your credit report from one of Australia’s credit bureaus, like Equifax or Illion. Review it for:

• Incorrect accounts or outdated personal details
• Debts that have already been paid
• Possible signs of identity misuse

If you find a mistake, lodge a correction request with the credit bureau or contact your lender. At Taz Mortgage Solutions, our mortgage loan broker team can guide you through this process.

2. Pay On Time, Every Time

Your past repayment history strongly impacts your credit score. Set up automatic payments or calendar reminders to make sure you:

• Pay utility bills and rent on time
• Meet credit card minimum repayments
• Avoid late or missed loan repayments

Being reliable for 6 to 12 months before applying can greatly boost your credit standing. Let our mortgage lender broker team help you stay on track.

3. Lower Your Credit Card Balance

Try to keep your balance under 30% of your credit limit. If your card has a $10,000 limit, avoid using more than $3,000 at any time. This signals to lenders that you manage credit responsibly.

Our mortgage finance brokers can help assess how your credit usage affects your borrowing power.

4. Avoid Applying for Multiple Loans or Credit Cards

Each time you apply for new credit—like a card, car loan, or payday loan—it’s recorded on your credit file. Too many applications in a short time raise red flags with lenders.

Instead, work with a mortgage and finance broker like us. We compare loan options on your behalf, without affecting your credit report.

5. Close Unused Credit Accounts

Old credit cards or store accounts you don’t use can still show up on your file and inflate your overall credit exposure. If you no longer use an account, consider closing it to tidy up your report.

Talk to one of our mortgage broker experts about which accounts to keep or cancel based on your loan goals.

6. Clear Any Outstanding Debts

If you have unpaid debts, paying them off can instantly improve your credit score. Even smaller debts that are overdue can lower your rating and stay on your record for years.

We can assist with repayment strategies. Our lending broker team creates a step-by-step plan to help you reduce your liabilities before applying.

Why Partner with Taz Mortgage Solutions?

We’re not just brokers—we’re your financial allies. Whether you’re self-employed or salaried, our role as a mortgage finance broker is to help you succeed.

Here’s What Sets Us Apart:

• Tailored credit advice from certified mortgage agents
• Loan matching based on your personal and financial situation
• Access to specialist lenders who consider non-traditional credit histories
• Independent guidance from a trusted mortgage and finance broker

We prepare you before you apply—so you have the best chance of approval.

Final Thoughts

Improving your credit score doesn’t have to be difficult. With support from the right mortgage loan broker, a few smart moves can place you in a better position to qualify for your ideal home loan.

At Taz Mortgage Solutions, we walk with you every step of the way—from credit health check to contract signing. Whether you’re a first-time buyer, a business owner, or refinancing an existing loan, you can trust Canberra’s best mortgage broker to lead you.

Ready to Begin Your Journey?

Contact Taz Mortgage Solutions today—your reliable mortgage broker, lending broker, and mortgage finance partner. Let’s get your credit in shape and your loan approved the smart way.

Taz Mortgage Solutions – Where smarter finance begins.

Read more:- Mastering the Mortgage Application: What Canberra Borrowers Need to Know