Your Credit Score is a number that gives Mortgage Lenders a picture of your Credit History to determine if you qualify for a home loan:
How many lines of credit do you have open?How much debt do you owe? Do you pay your bills on time? Do you have any accounts in collections or bankruptcy?
Your Credit Score Determines if you can get approved for a mortgageYour Credit Score Determines What Types of Mortgage Loans you can Qualify for Your Credit Score Determines Your Mortgage Interest Rate A higher Credit Score & lower interest rate SAVES you $$$ on your mortgage payment
You will know where your credit stands!!
You will know if you need to improve your credit to get approved for a home loan!!
You will know if there are any credit issues that you can resolve now!!
Many people think they have good credit, but may not be aware of pending credit issues!!
Dealing with pending credit issues will allow you to get a home loan quicker!!
Even if you aren’t planning on buying a home in 2 years…check your credit now to resolve issues, sometimes it takes a while to clear up issues on your credit report!!
Make payments ON TIMEReduce the amount of debt you owe Keep Balances Low on Credit Cards Pay off/down debt rather than “moving” it around Don’t open credit you don’t need Seek Credit Counseling