Check your credit profile

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Knowing your credit status and working towards a good credit status is important. It can improve your chances of being approved for a home loan rather than being sent away from the bank disappointed.

An important step towards home ownership is having a good credit record.

A good credit profile is when your credit history has been maintained in good standing for a certain length of time (the specific period varies from institution to institution) by adhering to monthly payments on time.

If you don’t already have a credit history, meaning you don’t have any debts or credits on your record, then it is advisable to open an account or apply for a credit card.

By using the credit available and paying it back diligently you can start building a reputable credit score.

Tips for a better credit score: Credit providers assess all recorded debt so close all unused accounts where possible.
The more access to credit
 you have on record, the lower the credit score will be.

Source: https://www.property24.com/property101/buyers-guide/check-your-credit-profile/15277

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