There’s something oddly satisfying about owning a place one can return to at the end of the day, and this feeling drives people to set out to buy a home. But buying a home is a major financial decision, so one needs to plan it well in advance. Home loans are effective ways to arrange money for this purpose without facing a financial crunch. However, when taking home loans, one should avoid some common mistakes. Maintaining a poor credit score Credit scores are basically a reflection of how punctually a person has been repaying their debts, primarily credit card bills. If one repeatedly delays credit card payments, their credit score will likely fall with time. Lenders feel borrowers with low credit scores will not repay the amount, making them more likely to reject such loan requests. So, maintaining one’s credit score is essential to get a home loan approved. One should track their billing cycles closely and consistently pay off debts on time. It is also important to avoid having a high credit utilization rate, which indicates how much of one’s available credit one ends up using every month. High credit utilization can also adversely affect an individual’s chances of securing a home loan.