Taking Control of Your Credit

You’ve found the house of your dreams, made an offer and now it’s time to head on down to the bank. What goes on in that visit will determine if you’re able to make your dream become a reality. If so, at what price will it cost you?

Having a good credit history in recent economy is vital. Banks have made it harder to qualify and purchase a home. If your credit rating is good then numerous financial doors will be opened for you and your family. Get online and look at your credit score before hand. See if there is anything that needs your attention. Unpaid bills, late payments, high credit card balances can all contribute in dragging that credit score down. This can result in higher interest rates for your loan, or ultimately getting no loan at all. Make the calls necessary to get your score cleared up and back on track.

There are 3 important reporting agencies that financial institutions will pull from. Experian, TransUnion, and Equifax can all result in different readings. That’s why it is important to check each one of them for discrepancies. You are entitled to a credit reading each year at no cost. Even so, shelling out $15 for a credit reading is a small price to pay when it comes to buying a home. Do whatever it takes to make sure you are the driver behind the wheel of your credit.

After you’ve exhausted all your resources for bringing up your credit score, you can confidently walk into the bank. You now are fully aware of your financial situation and have done everything possible to secure good standing. Sure it may take a little work on your part, but keep in mind by doing so you are building a bridge that will lead to your new home.

The previous commercial was a PSA brought to you by the National Buyers Agent Association…


Good advice. Was there something else?

No, that was called shameless advertising in a place it doesn’t belong.

Only sort of…he did post INFORMATION SPECIFICALLY related to real estate

He did not post a link or include “contact me”, etc.

His post, while fitting into the category of: “Wow! You don’t say”, doesn’t violate any forum rules…