I am in my mid 30s and have maintained credit scores between 780-810 for the past few years. I have never had a loan or a mortgage, but do have 4 credit cards with perfect payment records. I have a cousin in a very similar situation who is applying for a mortgage (good credit but only from credit cards). He was advised despite a score over 800, there could be concern over a “thin file” with no installment history.
So my question is, should I look into more credit “mix” options? If I want a mortgage in the next 5 years, would it help to do a credit builder loan? Everything I read about them says they are excellent for repairing credit, but I couldn’t find any information on improving already excellent rated credit. I have savings i would be happy to secure a loan with as well - if it would actually help my score and better prepare me for mortgage rates.
Thanks for any help in advance!