- October 18, 2013
- By Kahealani Silva
- Island Home Loans News
The 123’s of Preparing to Buy Your First Home: Part 3- Credit History
It’s ideal to have three to four lines of credit in good standing for two years or more. Your credit lines should be used once a month with less than 30% of the credit line in use for revolving debt. New credit lowers scores and old established credit that is paid on time raises credit scores.