If you’re thinking about buying a home, you need to be aware of your credit score – one of the most important factors when qualifying for a loan. Generally speaking, a higher score can mean a better chance of getting approved for a loan and securing a lower interest rate.
Our Credit Check-Up is an opportunity to have your tri-merged credit score pulled free of charge by a mortgage professional. Just bring your photo ID. No workshop, no presentation, simply come to the event, input your information, talk to a loan officer and learn your credit ranking. It's as simple as 1 2 3.
What’s on you credit report? Your credit report is a record of money you've borrowed, your history of paying it back and how much open credit is available to you. Lenders rely heavily on the information in your credit report as it signifies your creditworthiness and the likelihood that you'll repay your mortgage.
The following appears on your credit report:
Your credit score helps lenders decide how likely you are to repay your debts and plays a significant role when securing a mortgage. Scores range from 300 – 850 points and are based on:
Generally, the higher your credit score the more options will be available to you, including a lower interest rate.
If you are using Credit Karma, Credit Sesame, Credit.com or Fico.Com or any other credit monitoring service and think you know your credit score you are DEAD WRONG!
Don't know your credit score? Them come find out at one of our Credit Check-Ups. Get help from the professionals. To register for a Credit Check-up Workshop click here.