Buying a Home? What Is Your Credit Score?
If you are planning to buy a house, it will behoove you to pay attention to your finances…past, present and future. Take a look at this helpful infographic called “What Makes Up A Credit Score” to assist you with what your home mortgage loan officer is going to pull up on you before deciding on if you will be able to obtain a mortgage or not and for how much and what other terms and conditions that you will need to follow to stay within good credit criteria and not falling into default of your home loan. Do not be too discouraged, however, as there are definitely ways to raise those low percentages of your credit score, again, by talking with your professional home mortgage loan originator, for instance, Diana Harvey, of VanDyk Mortgage!
…And…
When you are ready to purchase a home and/or sell your current home, hurry and contact Babette at Aiosa Realty Group. When you choose Babette as your realtor, you are getting nothing short of the best as you will find out when you start your real estate endeavors together. With Babette’s real estate expertise and knowledge in and around beautiful Pinellas County, she is someone you can completely rely on to assist with all your real estate needs!
Call us TODAY at 727-439-9029, so you can get started on finding your own piece of Pinellas County paradise!
“Love Where You Live!”
Even though consumers were given the opportunity to defer home mortgage payments by their lending institutions due to financial hardships during the Covid-19 Pandemic, a question that may not have been given enough attention to is what kind of mark is that going to leave on your credit report?
When it comes to purchasing your new home and you are preparing for mortgage approval, there are some things that you should keep in mind, especially circumstances that you may have previously been involved in that ended up showing damaging results to your line of credit.
If you are planning on purchasing a home, one of the ways to be sure nothing will stand in the way of being approved for your home mortgage loan from your lending institution is being sure you have a clean credit report. Upon receiving your credit report, be sure to look it over, making sure that all information is factual pertaining to YOUR credit report, and, if you find an error, call the company that ran your credit report to let them know to fix it. It will definitely be in your best interest to do so to make for a smooth mortgage process with the least amount of stress.