About Your Credit
Why is good credit important when buying a home? Your credit score is an indication to lenders of your financial health. Your credit standing dramatically impacts your ability to qualify for a home loan and obtain the best interest rates. A poor credit score may cause a lender to deny you a loan or offer you one with high interest rates. That means higher mortgage payments.
There are things you can do to improve your credit. A few months before you start house hunting, get copies of your credit report and review your current credit score. Make sure the facts are correct. Fix any problems you discover by contacting all three credit reporting agencies directly:
Not sure where to start? A FutureNet Mortgage Advisor can assist you in determining your score. Call us today at 724-745-7639, or complete our online FREE, No Obligation Pre-Approval application.
Find out how much you can afford.
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There are things you can do to improve your credit before beginning the home buying process.
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