Hi,
I have a middle mortgage fico score of 632. I got pre-approved for a conventional mortgage on a new construction home. I'm locked in my current rate for 8 months, however if my credit improves and rates are the same or lower, then I can rescore and get a better rate. The home will take 7-8 months to build, and I'd like to boost my score in the next 5-6 months. I have some derogs that I'm working on cleaning up. My question is on the credit side. I'm an authorized user on my wifes credit card, but other then that I have no open current store or credit cards. I'm thinking I would benefit from opening a couple of store and/or secured credit cards so that I have some credit lines and then 6 months worth of good payments and extremely low UTI. Am I on the right track, or do you think that would be counter productive?
P.S. I would do cards that don't require a hard pull on my credit report.
Thanks!